Brief: Raffles Infrastructure Has Been Trying To Resolve Certain Issues On Project With AWT
02/03/2022 15:08
March 2 (Reuters) - Raffles Infrastructure Holdings Ltd
RAFL.SI :
* HAS BEEN TRYING TO RESOLVE CERTAIN ISSUES ON PROJECT WITH
ARMY
WELFARE TRUST OF PEOPLE'S REPUBLIC OF BANGLADESH
* COMMUNICATIONS WITH AWT HAS NOT BEEN FORTHCOMING AND THERE
HAVE
BEEN NO FRUITFUL DEVELOPMENTS IN RESPECT OF PROJECT
* HAS NOT BEEN ABLE TO COME TO AGREEMENT WITH VARIOUS
AFFILIATED
PARTNERS ON FINANCING AGREEMENTS REGARDING PROJECT
* DECIDED TO SEEK TO TERMINATE FINAL AGREEMENT & CONCLUDE
ANY
OTHER MATTERS REGARDING THE AGREEMENT DATED 30 NOV 2020
Source text for Eikon: ID:nSN1Mk996
Further company coverage: RAFL.SI
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