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Courts Asia seeks answers from Mauritius on failed bid

Courts Mauritius went to a third party although we're the preferred bidder: Courts Asia

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Courts Asia CEO Terry O'Connor (above) is demanding to know why Courts Asia should be forced to walk away from picking up Courts Mauritius after his team spent months negotiating as the "preferred bidder" with the special administrator and after coughing up a security deposit.

Singapore

IT HAS been more than two weeks since Singapore-listed Courts Asia found the tables turned on its Mauritian dream after the financial sector watchdog there snubbed its bid and picked a rival suitor just as the retailer was on the verge of closing the buyout of Courts Mauritius

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