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PCG Entertainment warns of legal recourse over debt dispute

7th June 2016 10:26 am GMT

China-facing online gaming and media company PCG Entertainment (PCGE) said that its strategy for the remainder of 2016 remains on track despite the London-listed company being pursued for repayment of a debt of US$2.1m.

Following last August’s acquisition of CPDC (Center Point Development Corporation), which has a license to distribute games and gaming software in Asia, PCGE said that it was being pursued for repayment of a debt of $2.1m relating to [...]

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