Brief: Pollux Properties Updates On Termination Of Main Contractor
13/12/2017 10:31
Dec 13 (Reuters) - Pollux Properties Ltd PLPS.SI :
* REFERS TO COMPANY'S ANNOUNCEMENT IN RELATION TO
TERMINATION OF
MAIN CONTRACTOR.
* UPDATE SHAREHOLDERS THAT POLLUX TREASURES HAS MADE A CALL
ON
PERFORMANCE BOND POLICY FOR AN AMOUNT OF S$1.4 MILLION
* POLLUX TREASURES CONTINUES TO PURSUE ALL RELATED COSTS
AND
CLAIMS ON TERMINATION OF MAIN CONTRACTOR & ENGAGEMENT OF NEW
CONTRACTOR
* DELAY OF PROJECT WILL HAVE A MATERIAL IMPACT ON FINANCIAL
PERFORMANCE AND POSITION OF GROUP FOR FINANCIAL YEAR ENDING 31
MARCH 2018
Source text for Eikon: ID:nSNZ9DpLt1
Further company coverage: PLPS.SI
((Bangalore.newsroom@thomsonreuters.com;))
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