Brief: Oue Lippo Healthcare Updates On Suit In Relation To A Facility Agreement Dated July 30, 2015

OUE Healthcare

09/07/2020 16:23

July 9 (Reuters) - Oue Lippo Healthcare Ltd  OUEL.SI :
    * UPDATES ON SUIT AGAINST CREST ENTITIES, FAN KOW HIN &
OTHERS IN
RELATION TO A FACILITY AGREEMENT DATED 30 JULY
    * HIGH COURT ISSUED A FAVOURABLE JUDGEMENT FOR CO IN RESPECT
OF
SUIT
    * COURT GRANTED JUDGMENT FOR CERTAIN ENTITIES ARE LIABLE FOR
AGGREGATE SUM OF S$8.1 MILLION
    * COURT GRANTED SAID ENTITIES ARE JOINTLY LIABLE FOR A SUM
OF
S$4.5 MILLION  THAT HAD BEEN PAID BY CO
    * COURT GRANTED SAID ENTITIES ARE LIABLE FOR DAMAGES FOR
LOSS OF
CO'S AUSTRALIAN BUSINESS
    * COUNTERCLAIMS BY CREST ENTITIES & LIM BENG CHOO DISMISSED
IN
FULL

Source text for Eikon:  urn:newsml:reuters.com:*:nSNZ3DRWxP
Further company coverage:  OUEL.SI 

 (Reuters.Briefs@thomsonreuters.com)