VRM update
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CER Group Limited (CER) | 11:11 am, Friday 24 October 2008 | CER | 0.020 |
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Market Announcement
Type:GENERAL
Further to continuing advice that CER Group is in dispute with the vendors of the VRM businesses on a number of matters, CER has received a Demand Notice from the vendors for the A$1Million deferred settlement payment the Company has resolved not to pay. Any steps to enforce the security will be vigorously opposed.
The Company also advises that negotiations continue between the parties in relation to a possible resolution of the dispute.
ENDS
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