Brief: Intraco Updates In Connection With Claims Made By Co's Unit, Intraco Trading Pte. Ltd. Against Timor Global Pte. Ltd

Intraco

31/01/2023 15:03

Jan 31 (Reuters) - Intraco Ltd  ITRS.SI :
    * UPDATES IN CONNECTION WITH CLAIMS MADE BY CO'S UNIT,
INTRACO
TRADING PTE. LTD. AGAINST TIMOR GLOBAL PTE. LTD
    * ON 30 JAN ITPL RECEIVED A PRIVILEGED AND CONFIDENTIAL
UPDATE
LETTER FROM LIQUIDATOR OF TGPL TO ITS CREDITORS
    * ITPL HAS BEEN INFORMED THAT LIQUIDATOR HAS RECOVERED
ESTIMATED
AMOUNT OF S$6.8 MILLION
    * AMOUNT THAT ITPL MAY RECEIVE FROM ABOVE RECOVERED AMOUNT
IS
DEPENDENT ON A NUMBER OF FACTORS
    * DEVELOPMENT MAY HAVE A MATERIAL IMPACT ON FINANCIALS OF
GROUP
FOR CURRENT FY

Source text for Eikon:  ID:nSN242nYw 
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