Brief: Boustead Projects Limited updates on settlement of arbitration proceedings

Boustead Projects

26/10/2016 11:52

Oct 26 (Reuters) -    Boustead Projects Limited  BOUS.SI : 
    * Boustead Projects Enters Into Settlement Of Arbitration 
Proceedings 
    * Has reached an amicable settlement with customer and 
entered into a settlement agreement on 26 october 2016 
    * Arbitration shall be discontinued without admission of 
liability by either party 
    * Settlement agreement is not expected to have material 
financial impact on company and its subsidiaries for fy ending 
31 march 2017 
    * Settlement agreement does not require company to make any 
payment to customer and vice versa 
 
 
     
     
    Source text for Eikon:  ID:nSNZ7FgXhk  
    Further company coverage:  BOUS.SI  
 
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