MiLOC Group Ltd - Hong Kong-based pharmaceutical and beauty products - Enters termination agreement of endorsement agreement with Master Kingdom Ltd for the KooCool+ bodycare products, which was signed and announced on January 2019.
In addition, subsidiary Star Collaboration Guangzhou Ltd has been notified by one of its suppliers of the start of two legal proceedings, claiming a total of CNY1.8 million, around GBP202,470.
MiLOC will look to defend both cases.
Current stock price: 20 pence
12-month change: down 33%
By Dayo Laniyan; dayolaniyan@alliancenews.com
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