Sim Leisure Group Ltd. (SG:URR) has released an update.
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Sim Leisure Group Ltd. has announced the termination of its agreement with Bandar Malaysia Sdn. Bhd. for the development of an ESCAPE theme park in Kuala Lumpur. The termination results in the refund of a security deposit and the ceasing of all operations at the project site. This unexpected development may impact investors’ outlook on the company’s expansion plans.
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