Business News • MarketWire • 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 |
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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
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