Vewd litigation update
Further to our announcement of February 24, 2021, MFC and Otello together with the Vewd Group’s secured lender have reached agreement that as an interim alternative to the appointment of a receiver, a special committee (the “Special Committee”) of the board of Last Lion Holdings Limited shall be appointed. The Special Committee shall be tasked with selling the company or raising finance. The agreement as to the Special Committee’s terms of appointment will in due course be recorded as part of a Court order. If the Special Committee is successful in achieving either a sale or a