Cloudbreak Pharma Inc. has provided an update regarding its recent litigation. The company announced that arbitration proceedings involving Cloudbreak Guangzhou and Cedar Wealth have been withdrawn following an application by Cedar Wealth. The Arbitration Commission approved this withdrawal, and Cedar Wealth will bear the arbitration fees. Cloudbreak Pharma Inc. stated it will continue to inform shareholders and potential investors of any further developments related to the settlement of the proceedings. Shareholders are advised to exercise caution when dealing in the company’s securities.
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