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BN4 — Keppel News Story

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Brief: Keppel Updates On Arbitration Relating To Investment Agreement For JV In Vietnam

BRIEF-Keppel Updates On Arbitration Relating To Investment Agreement For JV In Vietnam

- Keppel Ltd. KPLM.SI:

  • UPDATE ON ARBITRATION RELATING TO INVESTMENT AGREEMENT FOR A JOINT VENTURE IN HCMC, VIETNAM

  • CD AND RESPONDENTS HAVE SUSPENDED ARBITRATION

  • UPDATE THAT CD AND RESPONDENTS HAVE SUSPENDED ARBITRATION

  • UNDER CTA, PARTIES AGREED ALL CLAIMS OVER ALUF SHALL BE DEEMED SETTLED BETWEEN CD & RESPONDENTS UPON COMPLETION OF DIVESTMENT

  • DIVESTMENT REFERS TO SALE OF 40% EQUITY INTEREST IN EMPIRE CITY LLC

Further company coverage: KPLM.SI


((Reuters.Briefs@thomsonreuters.com;))

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