Brief: Imperium Crown commences legal proceedings against co's former directors

Imperium Crown

17/03/2017 12:14

March 17 (Reuters) - Imperium Crown Ltd  IMPE.SI : 
    * Shareholders of company that it has commenced legal 
proceedings against company's former directors 
    * Proceedings for wrongful declaration and payment of 
interim dividend 
    * Directors namely Mark Lim Chuan Lam, Bay Cheow Guan David, 
Pao Kiew Tee, Tan Chin Tiong and Leong Koon Weng 
    * Company is of view that payment of interim dividend does 
not have a material impact on its financial position 
    * In its claim, company is seeking, inter alia, to recover 
from former directors sum of S$572,363.02 
 
Source text for Eikon:  urn:newsml:reuters.com:*:nSNZ9WZczR 
Further company coverage:  IMPE.SI  
 
 ((Bangalore.newsroom@thomsonreuters.com))