SERSTECH AB: Serstech terminates agreement and renews its position in South-East Asia
(WorldNews Sweden)

Serstech has terminated the distribution agreement with the partner International Outsourcing Services Pte Ltd (IOS). The total value of delivered products and services so far to Indonesia is 30 MSEK, with the latest shipment in August 2017. By terminating the distribution agreement, the initial order, valued at 67 MSEK and received in May 2016, is also terminated.The termination will not have an impact on earlier reported results, but since full payment not have been recieved, there is a risk of a bad debt...