Brief: Oxley Holdings Refers To Announcements On 26 February 2020 And 23 April 2020 Relating To "Peak" Project
14/04/2022 16:25
April 14 (Reuters) - Oxley Holdings Ltd OXHL.SI :
* REFERS TO ANNOUNCEMENTS ON 26 FEBRUARY 2020 AND 23 APRIL
2020
RELATING TO " PEAK" PROJECT
* UNIT HAD COMMENCED ARBITRATION PROCEEDINGS AGAINST SINO
GREAT
WALL INTERNATIONAL ENGINEERING CO
* SETTLEMENT WILL NOT HAVE ANY MATERIAL IMPACT ON FINANCIAL
POSITION OF GROUP FOR CURRENT FY ENDING 30 JUNE
* PROCEEDINGS TO SEEK COMPENSATION FOR DAMAGES SUFFERED DUE
TO
SGW'S BREACHES OF ITS OBLIGATIONS AS PREVIOUS MAIN CONTRACTOR
FOR PROJECT
* OXLEY GEM AND SGW HAVE ENTERED INTO A SETTLEMENT AGREEMENT
IN
FULL AND FINAL SETTLEMENT OF ALL DISPUTES ARISING FROM PROJECT
Source text for Eikon: ID:nSN9Fg3zm
Further company coverage: OXHL.SI
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