Update on Soar Labs Pte Ltd settlement
On the 18th July 2019 Byte Power Pty Ltd ("BPPL") filed an application for Default Judgement in the High Court of the Republic of Singapore against the defendants, Soar Labs Pte Ltd and Neo Wenyuan, as neither party submitted a defense against the previously filed Statement of Claim (as detailed in the ASX Announcement dated 20 June 2019).
The application is also seeking costs on a full indemnity basis.
This application will be heard in courts in Singapore and, should the application be successful, BPPL will take further actions against the defendants for recovery of the balance of US$120,556.97 still owing by Soar Labs Pte Ltd to BPPL.
About Byte Power Group Limited
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Byte Power Group Limited