KUALA LUMPUR: Parkson Retail Group Ltd (PRG), the Hong Kong-listed subsidiary of Parkson Holdings Bhd
, has been ordered by China International Economic and Trade Arbitration Commission to pay 140.4 million yuan (RM83.9mil) in a property dispute.
Parkson Retail Development Co Ltd, an indirect unit of PRG, has to pay the landlord of Metro City Shopping Plaza a lump sum plus daily fees of 49.4 million yuan for occupying the premises after the termination of the tenancy agreement.
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