Brief: Hong Lai Huat Group Updates On Termination Of Sale Of Hotel In D'seaview Project

Hong Lai Huat

29/05/2020 15:47

May 29 (Reuters) - Hong Lai Huat Group Ltd  HONL.SI :
    * UPDATES ON TERMINATION OF SALE OF HOTEL IN D'SEAVIEW
PROJECT
    * BUYER, SIHAHOTEL GROUP CO FILED COMPLAINT IN PHNOM PENH
COURT
AGAINST CO'S UNIT FOR TERMINATION OF SALE AND PURCHASE AGREEMENT
    * COMPANY IS SEEKING LEGAL ADVICE FROM ITS CAMBODIAN COUNSEL
IN
RESPECT OF APPEAL
    * AS OF MAY 29, GROUP HAS REVIEWED OVERALL IMPACT OF
COMPLAINT AND
CONCLUDED THAT THERE IS NO MATERIAL FINANCIAL IMPACT

Source text for Eikon:  ID:nSNZ19KJrb 
Further company coverage:  HONL.SI 

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