Business NewsMarketWire • Global Tech Industries Group, Inc to attempt to enforce rights in contract dispute with Hong Kong partner

Global Tech Industries Group, Inc to attempt to enforce rights in contract dispute with Hong Kong partner

Global Tech Industries Group, Inc to attempt to enforce rights in contract dispute with Hong Kong partner

NEW YORK, NY--(Marketwired - May 22, 2017) - GLOBAL TECH INDUSTRIES GROUP, INC. (OTC PINK: GTII), a Nevada Corporation Inc., and its subsidiary G T International Group, Inc., having previously executed a binding Stock Purchase Agreement on December 30, 2016 to acquire 100% of Go F & B Holdings, Ltd., a Hong Kong SAR Corporation and a subsidiary of GoFun Group, Ltd. Corporation, (a BVI Corporation), have been forced by the actions of the management of Go F & B Holdings Ltd to file suit in the United States District Court for the Southern District of New York, case # 17-CV-03727, (https://goo.gl/Js7HYa) in regard to the contract entered into on December 30, 2016. GTII's suit specifically addresses the issues of contract breach, specific performance, indemnification and fraud.

View More : http://www.marketwired.com/mw/release.do?id=2217731&sourceType=3
Releted News by marketwire
Robert Lee Ahn Campaign Slams Jimmy Gomez for "Bait and Switch" on Medi-Cal Support From Prop. 56 Tobacco Tax
Global Tech Industries Group, Inc to attempt to enforce rights in contract dispute with Hong Kong partner
WSI Industries Announces Michael J. Pudil Appointed as President and CEO