Brief: Sakae Holdings updates on legal proceedings

Sakae Holdings

28/10/2016 13:24

Oct 28 (Reuters) - Sakae Holdings Ltd  SAKA.SI  
    * Letter of complaint made a number of allegations against 
company's chairman, mr douglas foo peow yong 
    * Ac conducted a thorough investigation into matters set out 
in shareholder's letter of complaint 
    * Ac has arrived at view that shareholder's allegations are 
not borne out by evidence 
    * Allegations in relation to alleged personal interests in 
gryphon real estate investment corporation pte and erc holdings 
pte 
    * High court has not yet at this time handed down its 
decision in trial. 
    * Company does not accept these allegations, which are 
without merit 
    * Shareholder also wrote to sgx to allege, among other 
things, that company had not acted in accordance with sgx 
listing manual 
 
Source text for Eikon:  ID:nSNZ7g12C7  
Further company coverage:  SAKA.SI  
 
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