StockMarketWire.com - Animal feed supplier Walcom said a court in China had affirmed the company's claim for overdue money owed by a key customer there.

The Shanghai Pudong New Area People's Court ordered the customer to pay the outstanding debt of RMB 4.76m plus interest of RMB 196k with 10 days of the 10 June date of judgement.

The customer has the right to appeal the court judgement.

Should it wish to do so, it was required to submit an appeal to the Shanghai First Intermediate People's Court within 15 days of receipt of the original judgement date.

'Despite the court ruling in favour of Walcom in relation to the legal proceedings, it still remains unclear when and how much of the overdue receivables can be recovered,' Walcom said.


At 9:22am: [LON:WALG] Walcom Group Ltd share price was 0p at 0.38p



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