Brief: Cedar Strategic update on issues set out in special audit report

Emerging Towns & Cities Singapore

06/09/2016 15:28

Sept 6 (Reuters) - Cedar Strategic Holdings Ltd  CEDA.SI : 
 * Update on the various issues set out in the special audit report)  CEDA.SI  
 * Co and its subsidiary, trechance, entered settlement deed with charlie in in 
   full and final settlement of any and all disputes 
 * May not be fruitful for the company to expend time and costs to pursue claims 
   against Charlie in for breach of fiduciary duties 
 * Provisions relating to concluded claims will be written back; write back 
   expected to have positive effect for CY 
 
   Source text for Eikon  ID:nSNZ9JMlZc  
 
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