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Published Wed, Feb 5, 2020 · 09:50 PM

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GS Holdings

CATALIST-listed GS Holdings on Tuesday said it has not received 120 million yuan (S$23.5 million) in outstanding gross service fees from 14 food and beverage (F&B) outlets in China due to ongoing tax consultations.

GS Holdings' subsidiary Wish Hospitality Holdings is providing exclusive branding, operation and procurement (BOP) services for the 14 outlets, for an aggregate quarterly service fee of 50 million yuan.

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