Brief: Acesian Partners Updates On Settlement Of Professional Fees To Unit's Judicial Managers
14/10/2019 15:42
Oct 14 (Reuters) - Acesian Partners Ltd ACES.SI :
* REFERS TO ANNOUNCEMENTS REGARDING SETTLEMENT OF
PROFESSIONAL
FEES TO JUDICIAL MANAGERS OF ACESIAN STAR (S) PTE. LTD. (ASPL)
* IN LIGHT OF COURT ORDER FOR S$1.98 MILLION AWARDED TO
JUDICIAL
MANAGERS, ADDITIONAL PROVISION OF S$988,000 IS EXPECTED TO BE
MADE
* ADDITIONAL PROVISION IS EXPECTED TO HAVE AN ADVERSE
MATERIAL
IMPACT ON CONSOLIDATED NTA AND EPS OF GROUP FOR CURRENT FY
ENDING 2019
Source text for Eikon: ID:nSNZ2gPKVC
Further company coverage: ACES.SI
((Reuters.Briefs@thomsonreuters.com;))
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