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Asiatic Group Clarifies Financial Statement Error and Legal Proceedings

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Asiatic Group Clarifies Financial Statement Error and Legal Proceedings

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Asiatic Group (Holdings) Ltd. ( (SG:5CR) ) has provided an announcement.

Asiatic Group (Holdings) Limited has issued a clarification regarding an inadvertent error in its recent financial results announcement. The error pertains to a note on commitments and contingencies involving a legal claim with a joint venture partner, Royal Group Phnom Penh SEZ Plc. The company has stated that confidentiality obligations limit the disclosure of information related to ongoing arbitration, and updates will be provided to shareholders as necessary. Proceedings in the Singapore Court related to this arbitration have been discontinued.

More about Asiatic Group (Holdings) Ltd.

Current Market Cap: S$16.02M

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