Universe Entertainment and Culture Group Company Limited (HK:1046) has released an update.
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Universe Entertainment and Culture Group Limited triumphed in court against SoftMedx Healthcare Limited, with the High Court of Hong Kong dismissing the appeal and awarding the company a significant sum in outstanding loans and interest. The Court also ruled in favor of Universe Entertainment by striking out a counterclaim and ordering costs to be paid to the company and its associates. This legal victory secures the company’s claim of over HK$16 million, reinforcing its financial position and signaling a robust defense against allegations of misrepresentation.
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