Brief: Parkson Retail Asia Update On Litigation In Cambodia

Parkson Retail Asia

27/04/2020 10:56

April 27 (Reuters) - Parkson Retail Asia Ltd  PRAL.SI :
    * UPDATE ON LITIGATION IN CAMBODIA
    * ON 22 APRIL PHNOM PENH COURT GRANTED JUDGEMENT AGAINST
UNIT
    * UNDER JUDGEMENT UNIT TO PAY DAMAGES OF USD144.5 MILLION TO
LESSOR
    * CURRENTLY SEEKING ADVICE FROM CAMBODIAN LAWYERS ON
RECOURSE
    * UNDER JUDGEMENT, TO FORFEIT SECURITY DEPOSIT, ADVANCED
RENTAL
PAYMENTS PAID BY UNIT TO LESSOR OF ABOUT USD4.5 MILLION

Source text for Eikon:  ID:nSN4ghS4F 
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