E&P GLOBAL (01142) received a summons filed by Daily Loyal Limited to the Hong Kong High Court.

date
18:41 14/12/2025
avatar
GMT Eight
Energy and Energy Globally (01142) announced that on September 29, 2025, the company (as the defendant) received a summons filed by Daily Loyal Limited (the plaintiff) with the Hong Kong High Court (without a statement of claim), accusing the company of breaching the global settlement agreement entered into on October 25, 2024 (the lawsuit).
E&P Global (01142) announced that on September 29, 2025, the company (as defendant) received a summons filed with the Hong Kong High Court by Daily Loyal Limited (the appellant) (no statement of claim attached)(the summons), alleging that the company had breached a global settlement agreement signed on October 25, 2024 (the lawsuit). As (i) the summons is related to an undetermined amount; and (ii) the summons does not contain a statement of claim, the company's board of directors is unable to assess the basis of the claims stated in the summons. Nevertheless, the company has taken proactive measures to investigate the matter, instructed its legal advisors to act on behalf of the company in the lawsuit, and had reviewed the court records, but (i) was unable to obtain relevant court documents during the review; and (ii) the legal documents were allegedly served to another law firm representing the company (the former legal advisors).