Keppel Updates On Arbitration Relating To Investment Agreement For JV In Vietnam

By Reuters News

Oct 16 (Reuters) - Keppel Ltd. KPLM.SI:

  • UPDATE ON ARBITRATION RELATING TO INVESTMENT AGREEMENT FOR A JOINT VENTURE IN HCMC, VIETNAM

  • CD AND RESPONDENTS HAVE SUSPENDED ARBITRATION

  • UPDATE THAT CD AND RESPONDENTS HAVE SUSPENDED ARBITRATION

  • UNDER CTA, PARTIES AGREED ALL CLAIMS OVER ALUF SHALL BE DEEMED SETTLED BETWEEN CD & RESPONDENTS UPON COMPLETION OF DIVESTMENT

  • DIVESTMENT REFERS TO SALE OF 40% EQUITY INTEREST IN EMPIRE CITY LLC

Further company coverage: KPLM.SI

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