Asiatic Group reiterates claims over Cambodian subsidiary
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Asiatic Group Holdings Limited is seeking an amicable resolution regarding its Cambodian subsidiary, Colben Energy (CEZ), amidst ongoing arbitration with its joint venture partner. In response to shareholder inquiries, the group confirmed its efforts for mediation through the Singapore Mediation Centre. However, disagreements persist, and the company emphasizes its openness to resolutions acceptable to both parties. Additionally, the group is contesting attempts by the other CEZ shareholder to remove its representative from key positions. The ongoing arbitration is subject to confidentiality obligations limiting disclosures.
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