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THE scramble to replace vanishing revenue is forcing businesses to take extreme measures. In the United Kingdom, a firm recently broke the revered convention that a company shouldn’t dilute its shareholders by hurriedly selling a massive stake in itself in the open market.
Provide a legal ‘shield’ to Covid-19 events. Time-freeze and temporarily suspend contractual convenants to avoid legal entanglements,
NEW YORK: Indian movie producer Eros International Plc is merging with privately-held US filmmaker STX Entertainment in an all-stock deal that brings together Bollywood and Hollywood.
WE ARE living in uncertain times. With over 4,000 cases in Malaysia (at the time of writing), the Covid-19 situation doesn’t seem to be improving just yet.
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.
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)
KUALA LUMPUR: Shares of Parkson Holdings Bhd fell over 8% in early trade Tuesday over a lease dispute.
Legal entities ask parliamentarians to put aside differences