Chaswood Resources' Malaysian unit receives letter of demand
Add BT as a preferred sourceDeeperDive is a beta AI feature. Refer to full articles for the facts.
CHASWOOD Resources Holdings announced on Wednesday that its indirect Malaysian subsidiary Chaswood Resources Sdn Bhd has received a letter of demand dated March 25 from the solicitors of Acme Find Food to recover an outstanding amount of RM865,412.76 (S$287,246)
The sum is for the goods sold and delivered to outlets of the group. No payment has been made to date.
The group said that should the claim amount be paid, it would have a material adverse impact on its financial position.
It added that more announcements will be made when there are further developments on the matter.
Copyright SPH Media. All rights reserved.
TRENDING NOW
Shelving S$5 billion office redevelopment plan proved ‘wise’ as geopolitical risks mount: OCBC chairman
OCBC is said to emerge as lead bidder for HSBC Indonesia assets
Middle East-linked energy supply shocks put Asean Power Grid back in focus
Eurokars Group introduces rental car franchises Enterprise Rent-A-Car, National Car Rental, and Alamo to Singapore
