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Parkson Retail Asia Wins Legal Battle Over EVO Shopping Mall Lease

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Parkson Retail Asia Wins Legal Battle Over EVO Shopping Mall Lease

Confident Investing Starts Here:

Parkson Retail Asia Limited ( (SG:O9E) ) has issued an announcement.

Parkson Retail Asia Limited has announced a favorable legal outcome for its subsidiary, Parkson Corporation Sdn Bhd, in ongoing legal proceedings against PKNS Andaman Development Sdn Bhd concerning a lease at EVO Shopping Mall. The High Court of Malaya ruled in favor of Parkson Corporation, dismissing PKNS’s claim and awarding costs of RM30,000 to Parkson, which may positively impact the company’s operational stability and stakeholder confidence.

More about Parkson Retail Asia Limited

Parkson Retail Asia Limited is a company incorporated in Singapore, operating in the retail industry. It primarily focuses on managing and operating department stores and shopping malls across Asia, providing a range of consumer products and services.

Average Trading Volume: 4,776,304

Technical Sentiment Signal: Buy

Current Market Cap: S$88.94M

See more insights into O9E stock on TipRanks’ Stock Analysis page.

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