Brief: Sakae Holdings updates on matters concerning Associate Companies - GREIH And GCM

Sakae Holdings

07/04/2017 15:49

April 7 (Reuters) - Sakae Holdings Ltd  SAKA.SI  
    * On 7 April 2017, high court handed down its judgment in 
suit nos. 122 and 1098 of 2013 
    * High court found that company had made out its claims of 
minority oppression 
    * Refers to matters concerning company's associate cos - 
Griffin Real Estate Investment Holdings Pte and Gryphon Capital 
Management Pte 
    * High court granted substantial number of reliefs that co 
had sought in suits includes orders that andy ong and ong han 
boon pay sum of s$16 million to GREIH on a unauthorised lease 
 
Source text for Eikon:  ID:nSNZ9JmHpQ  
Further company coverage:  SAKA.SI  
 
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