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Asiatic Group (Holdings) Ltd. ( (SG:5CR) ) has shared an update.
Asiatic Group (Holdings) Limited announced that its indirect subsidiary, Colben Energy Holding (PPSEZ) Limited, has issued a letter of demand to Colben Energy Cambodia (PPSEZ) Limited for the repayment of USD8,136,000. This action is part of an ongoing dispute with its joint-venture partner in Cambodia, Royal Group Phnom Penh SEZ Plc, regarding the management of the subsidiary. The company has stated that this demand is not expected to materially impact its financial metrics for the fiscal year ending March 2026.
More about Asiatic Group (Holdings) Ltd.
Asiatic Group (Holdings) Limited is a company incorporated in Singapore, operating in the energy sector through its subsidiaries. It is involved in energy production and management, with a focus on joint ventures in regions like Cambodia.
Current Market Cap: S$8.01M
For an in-depth examination of 5CR stock, go to TipRanks’ Overview page.