Brief: Nagacorp Surrounded By Various Uncertainties In Respect Of Group's Gaming And Resort Project In Vladivostok, Russia

NagaCorp

03/03/2022 14:59

March 3 (Reuters) - Nagacorp Ltd  3918.HK :
    * SURROUNDED BY VARIOUS UNCERTAINTIES IN RESPECT OF GROUP'S
GAMING
AND RESORT PROJECT IN VLADIVOSTOK, RUSSIA
    * WOULD LIKE TO SUSPEND DEVELOPMENT OF PROJECT INDEFINITELY
UNTIL
CIRCUMSTANCE IS CLEARER
    * WOULD LIKE TO INVOKE FORCE MAJEURE CLAUSE SET OUT IN
INVESTMENT
AGREEMENT AND SUSPEND ITS PERFORMANCE THEREUNDER
    * WILL ISSUE FURTHER ANNOUNCEMENT WHEN APPROPRIATE AND
NECESSARY

Source text for Eikon:  ID:nHKS16gx7y 
Further company coverage:  3918.HK 

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