In a filing with Bursa Malaysia, Parkson said PCCO would also have to forfeit the security deposit and all advanced rental payments amounting to US$4.49mil (RM20mil) that were made to HCDH under the agreement.
PETALING JAYA: The Phnom Penh Court has granted a judgement against Parkson Holdings Bhd
’s Cambodian unit, Parkson (Cambodia) Co Ltd (PCCO), to pay damages amounting to US$144.50mil (RM630mil) for terminating a lease agreement with Hassan (Cambodia) Development Co Ltd (HCDC).
In a filing with Bursa Malaysia, Parkson said PCCO would also have to forfeit the security deposit and all advanced rental payments amounting to US$4.49mil (RM20mil) that were made to HCDH under the agreement.
Already a subscriber? Log in.
Limited time offer:
Just RM5 per month.
Cancel anytime. No ads. Auto-renewal. Unlimited access to the web and app. Personalised features. Members rewards.
Follow us on our official WhatsApp channel for breaking news alerts and key updates!
