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Tung Lok Restaurants (2000) Ltd (TGLK.SI)

TGLK.SI on Stock Exchange of Singapore

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Latest Key Developments (Source: Significant Developments)

Tung Lok Restaurants (2000) updates on claims made by China National Decoration Co
Friday, 13 May 2016 05:54am EDT 

Tung Lok Restaurants (2000) Ltd : Update on claims against the company's sub, my humble house in Beijing (restaurant) company ltd) . Just been informed that the court has rejected the application documents previously lodged 1 by cnd . Legal proceedings for claim by China National Decoration Co (CND)is still ongoing . Says documents by cnd to adjust and increase the penalty amount from RMB2 million to 1 RMB9 million .  Full Article

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BRIEF-Tung Lok Restaurants (2000) updates on claims against unit by China National Decoration Co

* Out of outstanding amount of rmb1.6 million and rmb2 million late payment penalty demanded by cnd, court awarded rmb1.5 million and rmb180,000 respectively to cnd

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