Corporate digest

Procurri Corporation

THE mainboard-listed enterprise hardware supplier said on Tuesday that its US subsidiary has rejected alleged discrepancies of some US$474,317, which formed the basis of a demand for indemnification by the sellers of a stake in Procurri's US joint-venture, Rockland Congruity.

The demand came after wholly-owned subsidiary Procurri US made a post-closing date payment on Feb 14, The alleged discrepancies were the result of various adjustments assessed by Procurri US that were taken into consideration for set-off against the post-closing date payment.