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Taiwan civil suit facing Serial System's local associate dismissed

The Edge Singapore
The Edge Singapore6/15/2021 11:10 PM GMT+08  • 1 min read
Taiwan civil suit facing Serial System's local associate dismissed
Serial System shares have gained strongly in recent days
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A civil suit in Taiwan faced by an associate of Serial System has been dismissed by a local court.

Serial System, which distributes electronic parts, was informed by its 19.02% associated company, Bull Will Co that the suit brought by the Securities and Futures Investors Protection Centre of Taiwan has been dismissed by the Taiwan Shilin District Court and that costs are to be picked up by SFIPC.

SFIPC, however, may appeal the court’s decision within 20 days from receiving the court’s written judgment, which, as of June 15, has yet to be received.

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