Brief: Keppel Corporation Announces Termination Of Contract With Awilco

Awilco Drilling

22/06/2020 13:39

June 22 (Reuters) - Keppel Corporation Ltd  KPLM.SI :
    * KEPPEL CORPORATION ANNOUNCES TERMINATION OF CONTRACT WITH
AWILCO
    * KEPPEL FELS ISSUED NOTICE OF TERMINATION OF CONTRACT TO
AWILCO &
COMMENCED ARBITRATION TO ENFORCE ITS RIGHTS AGAINST AWILCO
    * KEPPEL FELS DOES NOT EXPECT ANY REVERSAL OF REVENUE
RECOGNISED
IN RESPECT OF CONTRACT
    * KEPPEL FELS ENTITLED TO TERMINATE CONTRACT, RETAIN ALL
PAYMENTS
RECEIVED TO DATE, SEEK COMPENSATION FOR WORK DONE

Source text for Eikon:  urn:newsml:reuters.com:*:nSNZ3710ZN
Further company coverage:  KPLM.SI 

 (Reuters.Briefs@thomsonreuters.com)