Brief: Acrometa Group Says Co And Unit Received Letter Of Demand Dated 9 June From Chew's Agriculture

AcroMeta

15/06/2023 16:34

June 15 (Reuters) - AcroMeta Group Ltd  ACRO.SI :
    * CO AND UNIT RECEIVED LETTER OF DEMAND DATED 9 JUNE FROM
CHEW'S
AGRICULTURE PTE
    * LETTER OF DEMAND FOR CERTAIN ALLEGATIONS PERTAINING TO
CONTRACT
FOR OPERATION OF A WASTE TO ENERGY PLANT AND GUARANTEE
    * LETTER ALLEGES FULL OPERATION OF PLANT IS DELAYED AND UNIT
FAILED TO PROCESS MANURE PRODUCED BY CHEW'S POULTRY FARM
    * CHEW'S AGRICULTURE SEEKING TO CLAIM BACK-CHARGES IN AMOUNT
OF
S$10.7 MILLION
    * COMPANY AND UNIT  ARE ENGAGING THEIR LEGAL ADVISORS AND
INTEND
TO REFUTE LETTER

Source text for Eikon:  ID:nSN8fS16r 
Further company coverage:  ACRO.SI 

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