According to SGX website - http://info.sgx.com/webcoranncatth.nsf/VwAttachments/Att_153B73C57052C5B648257A31002EF212/$file/UPDATE_ON_SUIT_NO_498_OF_2011S_COMMENCED_AGAINST_GRANGE_PROPERTIES_PTE_LTD.pdf?openelement
On 9 April 2012, Grange Properties issued further notices pursuant to the SPAs to Pearl Properties for payment of the total sum of S$10,177,886.77 inclusive of interest thereon in relation to units #15-03, #18-02, #20-02, #21-02, #22-01, #24-01, #24-02, #25-01, 26-02, and #27-02 (“the 10 Units”) within 21 days, failing which, the SPAs will be treated as annulled and Grange Properties will be entitled to regain possession of the 10 Units and exercise their rights under the SPAs.
On 24 April 2012, Pearl Properties made its 2nd application for an injunction in Summons No. 2013 of 2012/E against Grange Properties for an order, amongst others, to restrain Grange Properties from exercising its rights under the SPAs (“Pearl Properties’ 2nd Injunction Application”).
The SPAs for the 10 Units will be treated as annulled on 8 July 2012, unless the outstanding payments of the total sum of S$10,177,886.77, inclusive of late payment interest, are paid to Grange Properties or its solicitors by the end of 7 July 2012.
On 3 July 2012, Pearl Properties’ 2nd Injunction Application was heard before another High Court Judge. The Honourable Judge dismissed Pearl Properties’ 2nd Injunction Application with costs payable to Grange Properties.
Following the Court’s decision, the SPAs for the 10 Units will be treated as annulled on 8 July 2012, unless the outstanding payments of the total sum of S$10,177,886.77, inclusive of late payment interest, are paid to Grange Properties or its solicitors by the end of 7 July 2012.
Further announcement(s) will be made by Chip Eng Seng Corporation Ltd in relation to the
Suit when necessary.
Suit when necessary.
Note:
Grange Properties is subsidiaries of CES, mainly in developing Grange Infinite project in the Orchard Road area.
I would like to thank you for the efforts you have made in writing this post. I am hoping the same best work from you in the future as well.
ReplyDeleteThis comment has been removed by the author.
ReplyDeleteThe hemp cbd oil may also be employed to decrease the effects of conventional drugs your dog is now taking. Author is an expert of best cbd for pain, click here for more interesting information.
ReplyDeleteThere are various forms of anxieties or distinct types of anxious thinking. Reference taken from here on buycannabisoil.
ReplyDelete