Asiatic Group (Holdings) Ltd. (SG:5CR) has released an update.
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Asiatic Group (Holdings) Ltd informs shareholders of ongoing arbitration with Royal Group Phnom Penh SEZ plc, including the dismissal of jurisdictional objections and the filing for expedited procedures which could extend the arbitration timeline. Additionally, Asiatic Group’s subsidiaries have sought interim and injunctive relief from the Singapore High Court to protect their rights under previous agreements, due to concerns of non-fulfillment of obligations by Royal Group Phnom Penh SEZ.
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