Brief: Singapore Post Updates On Arbitration Regarding Acquisition Of Certain Shares In FHPL

Singapore Post

08/06/2020 15:31

June 8 (Reuters) - Singapore Post Ltd  SPOS.SI :
    * UPDATES ON ARBITRATION AGAINST CO BEFORE SINGAPORE
INTERNATIONAL
ARBITRATION CENTRE REGARDING ACQUISITION OF CERTAIN SHARES IN
FHPL
    * TRIBUNAL ALSO RULED IN CO'S FAVOUR ON MATERIAL ACCOUNTING
&
COMPUTATIONAL ISSUES UNDER SHARE PURCHASE AGREEMENT
    * TRIBUNAL ISSUED PARTIAL AWARD IN ARBITRATION & DISMISSED
CLAIMS
AGAINST CO
    * TRIBUNAL DIRECTED PARTIES TO SEE IF THEY CAN AGREE FINAL
AMOUNT
PAYABLE FOR TRANSFER OF THE 37.5% SHARES IN FHPL TO CO
    * IF PARTIES FAIL TO AGREE ON FINAL AMOUNT PAYABLE, TRIBUNAL
WILL
MAKE A FINAL DETERMINATION

Source text for Eikon:  ID:nSNZ5Jc2dZ 
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