Global Yellow Pages, subsidiary face legal action in Singapore High Court
Angela Tan
GLOBAL Yellow Pages said on Wednesday that a writ has been served on the company and its subsidiary, Singapore River Explorer Pte Ltd, by Leisure Empire Pte Ltd in Singapore's High Court.
The writ of summons was served on July 7, 2015. Leisure Empire is claiming S$150,000 in damages for the termination of a service agreement dated Dec 1, 2012, and S$50,000 a month in damages for the subsistence of the agreement. It is also seeking damages for loss of profits to be assessed.
Global Yellow Pages said it intends to rigorously defend its position and has referred the matter to its legal counsel.
The claim is not expected to have any material impact on the group's performance for the financial year ending June 30, 2016.
Copyright SPH Media. All rights reserved.
TRENDING NOW
Temasek’s Wan Chee Foong to helm PIL, Lars Kastrup to be board adviser
Chagee, Mixue and Luckin won the market. Sustaining their edge is the harder part
He built the Vingroup empire. Now South-east Asia’s richest man is handing some key roles to his sons
One-third of Singapore-listed firms at risk in severe AI downturn: MAS
