SINGAPORE (Nov 2): Next Generation Satellite Communications’ (Next-Gen) subsidiaries, Arch Capital and Hillgo Asia have received their legal claim against Neo Telemedia.

(See also: Next-Gen subsidiaries serve statutory demand on Neo Telemedia for $25 mil)

The subsidiaries have received aggregate redemption principal amount of the two convertible notes of HK$144 million ($25.8 million) and the outstanding interest from Jun 13 to Oct 26, totalling HK$148.3 million from Neo Telemedia.

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