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26-05-2015, 09:06 AM
The company remains in trouble...
(not vested)
Xpress ordered to pay creditor in High Court judgement
SINGAPORE (May 27): The Singapore High Court has ordered Xpress Holdings ( Financial Dashboard) to pay plaintiff Thong Soon Seng a total of $1.08 million in damages.
In an update on the legal proceedings to the Singapore Exchange, Xpress said the judgement was made in respect to the writ of summons issued by the lawyers of Thong on Oct 23, 2014, to the printing company over unpaid debts.
The case was heard in the High Court on May 19 and 20, 2015.
The damages include the principle sum of $1 million; interest at 5.33% per annum from the date of the writ to the date of judgment; costs of $40,000 and disbursements of $7,611.25.
Xpress closed unchanged at 1.7 cents yesterday.
http://www.theedgemarkets.com/sg/article...-judgement
(not vested)
Xpress ordered to pay creditor in High Court judgement
SINGAPORE (May 27): The Singapore High Court has ordered Xpress Holdings ( Financial Dashboard) to pay plaintiff Thong Soon Seng a total of $1.08 million in damages.
In an update on the legal proceedings to the Singapore Exchange, Xpress said the judgement was made in respect to the writ of summons issued by the lawyers of Thong on Oct 23, 2014, to the printing company over unpaid debts.
The case was heard in the High Court on May 19 and 20, 2015.
The damages include the principle sum of $1 million; interest at 5.33% per annum from the date of the writ to the date of judgment; costs of $40,000 and disbursements of $7,611.25.
Xpress closed unchanged at 1.7 cents yesterday.
http://www.theedgemarkets.com/sg/article...-judgement
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