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Technics Offshore Engineering, Technics Oil & Gas drop suit against Soilbuild Reit's trustee

TECHNICS Offshore Engineering and Technics Oil & Gas have discontinued their proceedings against Soilbuild Business Space Reit’s (real estate investment trust) trustee DBS Trustee Limited, according to a filing with the Singapore Exchange.

This was in relation to a writ of summons announced earlier on May 20, 2016 by Technics Offshore Engineering and Technics Oil & Gas claiming unlawful conspiracy against the sale and leaseback transaction of 72 Loyang Way, Singapore.

The notice of discontinuance was filed on Aug 31, 2018.

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