Brief: Acesian Partners Updates on Unit Placed Under Judicial Management
18/12/2019 01:15
Dec 18 (Reuters) - Acesian Partners Ltd ACES.SI :
* REFERS TO ANNOUNCEMENTS IN RELATION TO LEGAL PROCEEDINGS
IN
RESPECT OF CERTAIN DISPUTES
* CO,UNITS & KEY EMPLOYEES, ENTERED INTO AN AGREEMENT WITH
ALL
PARTIES RELATED TO AFORESAID ON 12 DECEMBER 2019
* PARTIES AGREED TO AMICABLY SETTLE ALL DISPUTES ON A "DROP
HANDS"
BASIS WITHOUT PAYMENT OF ANY MONEY BY PARTY TO ANY OTHER PARTY
* SETTLEMENT IS EXPECTED TO HAVE AN ADVERSE MATERIAL IMPACT
ON
EARNINGS PER SHARE OF GROUP FOR CURRENT FY ENDING 31 DEC 2019
Source text for Eikon: ID:nGLF3hhbyn
Further company coverage: ACES.SI
(Reuters.Briefs@thomsonreuters.com)
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