KUALA LUMPUR: Singapore-listed Parkson Retail Asia Ltd's (PRA) Cambodian unit has been ordered to pay US$144.50mil as damages to Hassan (Cambodia) Development Co., Ltd as rental fee over the whole period of the lease under the agreement.
The unit, Parkson (Cambodia) Co. Ltd’s security deposit and all advanced rental payments paid to Hassan (Cambodia) amounting to US$4.48mil will also be forfeited.
Already a subscriber? Log in
Get 20% OFF The Star Digital Access
Cancel anytime. Ad-free. Unlimited access with perks.
