YuuZoo Corporation, the of social networks, says it is taking legal action against Infocomm Asia Holdings, the regional distributor of some of the world’s best-selling games, to collect an outstanding debt of about $6.5 million plus interest.
YuuZoo says the decision to take legal action was taken after IAH had failed to act on repeated requests by the group to pay back the debt which was due to be on Jan 15 2015.
YuuZoo says the debt collection is not linked to the planned $18 million acquisition of IAH which was announced on Feb 16 2015.
IAH has regional rights to distribute and publish popular game titles, including Grand Theft Auto, Counterstrike Online and NBA 2K14.
YuuZoo closed flat at 22.5 cents today.
Click Here To Register For Free Trial Services
OR
Give A Missed Call : +6531581402
Follow Us On Twitter : www.twitter.com/epicresearchsg
Like Us On Facebook : www.facebook.com/EpicResearchSingapore
Need Any Assistance Feel Free To Mail Us at : info@epicresearch.sg
0 comments:
Post a Comment