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Agreements to cover an estimated 50,000 to 85,000 cases
SYDNEY: Australia's IOOF Holdings Ltd on Monday said a class-action lawsuit brought by shareholders last year alleging the wealth manager breached disclosure obligations will be discontinued with no payments to the plaintiffs.
SHANGHAI: The latest U.S. government action against China's Huawei takes direct aim the company's HiSilicon chip division--a business that in a few short years has become central to China's ambitions in semiconductor technology but will now lose access to tools that are central to its success
Legal entities ask parliamentarians to put aside differences
KUALA LUMPUR: Shares of Parkson Holdings Bhd fell over 8% in early trade Tuesday over a lease dispute.
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: 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.
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.