Brief: Parkson Retail Asia Updates On Legal Proceedings Involving Parkson Vietnam Co

Parkson Retail Asia

25/11/2021 09:56

Nov 25 (Reuters) - Parkson Retail Asia Ltd  PRAL.SI :
    * UPDATE ON LEGAL PROCEEDINGS INVOLVING PARKSON VIETNAM CO.,
LTD.
    * PARKSON VIETNAM CO GETS SECOND REVISED CLAIM AMOUNT  BY
LANDLORD
OF PVC'S LEASED PREMISES IN DA NANG, VIETNAM
    * PRESENTLY UNABLE TO DETERMINE EXACT FINANCIAL IMPACT OF
ONGOING
DISPUTE
    * SECOND REVISED CLAIM AMOUNT BRINGS TOTAL CLAIM AMOUNT TO
S$5.2
MILLION
    * IN EVENT PVC IS REQUIRED TO SETTLE FINAL CLAIM AMOUNT IN
FULL,
WILL ADVERSELY IMPACT GROUP'S FINANCIAL POSITION FOR FPE2021

Source text for Eikon:  ID:nSN5KGK1T 
Further company coverage:  PRAL.SI 

 ((Reuters.Briefs@thomsonreuters.com;))