Alpha DX receives termination notice, writ of summons from sponsor

Tan Nai Lun

Published Thu, Mar 3, 2022 · 05:50 AM

Singapore

LEARNING solutions company Alpha DX Group on Wednesday (Mar 2) said it has received a notice of termination from its sponsor, PrimePartners Corporate Finance (PPCF).

This follows a writ of summons and statement of claim filed by PPCF over unpaid sums from Alpha DX. In a bourse filing, Alpha DX said PPCF is claiming S$604,844.76 in unpaid sums payable under agreements between the 2 companies, as well as S$111,789.75 in late interest charges on the unpaid invoices. The company does not expect the claim amount, if materialised, to have a material financial impact on the group's net tangible assets or earn…