MacarthurCook Property Securities (MPS)

[KopiKat]

MPS has won its litigation against TFML Limited, the current responsible entity of P-REIT (ASXXT), and Zhaofeng Funds Limited (formerly known as RFML Limited) the former responsible entity of P-REIT.

A judgement in favour of MPS the sum of $17,764,204 was ordered by the judge.

[ S O U R C E ]

Based on an issued units size of 361,214,457, the judgement represent $0.049 per units; provided TFML cough out the money.

Congrats! But, also need to clear this 1st,

TFML Limited has told the Court that it intends to appeal and will apply for an order staying execution of the judgment until the appeal is determined. If TFML Limited is successful in obtaining a stay of execution, Responsible Entity will be required to await determination of the appeal before the amount due under the judgment is recovered.