BRIEF-Beijing Ubox Online Technology Corp Receives Notice Of Arbitration Filed By Guangzhou Fuyu Intelligent Technology Co

Reuters10-17

Oct 17 (Reuters) - Beijing UBOX Online Technology Corp

:

* RECEIVED NOTICE OF ARBITRATION FILED BY GUANGZHOU FUYU INTELLIGENT TECHNOLOGY CO WITH CHINA INTERNATIONAL ECONOMIC AND TRADE ARBITRATION COMMISSION

* ARBITRATION ON CERTAIN DISPUTES ARISING FROM INVESTMENT DEAL ENTERED BETWEEN GUANGZHOU FUYU AND CO ON JUNE 15, 2021

* UNDER NOTICE, GUANGZHOU FUYU INTELLIGENT TECHNOLOGY CO CLAIMS RMB145.1 MILLION, OTHERS

* IN COURSE OF SEEKING LEGAL ADVICE ON ARBITRATION PROCEEDING

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