C06614-2019 |
Title of Each Class | Number of Shares of Common Stock Outstanding and Amount of Debt Outstanding | |
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Unclassified Shares | 11,027,125,401 |
The Exchange does not warrant and holds no responsibility for the veracity of the facts and representations contained in all corporate disclosures, including financial reports. All data contained herein are prepared and submitted by the disclosing party to the Exchange, and are disseminated solely for purposes of information. Any questions on the data contained herein should be addressed directly to the Corporate Information Officer of the disclosing party.
Subject of the Disclosure |
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Final Remedies Award in GGAM case |
Background/Description of the Disclosure |
The Arbitral Tribunal hearing the dispute between Bloomberry Resorts and Hotels Inc. (BRHI) and Sureste Properties Inc. (SPI) and Global Gaming Philippines LLC (GGAM) in Singapore has issued a Final Remedies Award. |
Name of the court or agency in which the proceedings are pending | Arbitration Tribunal |
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Date Instituted | Sep 13, 2013 |
Docket Number | N/A |
Principal Parties |
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Bloomberry Resorts and Hotels, Inc. and Sureste Properties, Inc. vs. GGAM Philippines and GGAM Netherlands |
Nature and description of the legal proceedings |
Bloomberry Resorts Corporation (BRC) hereby discloses that the lawyers representing its subsidiaries Sureste Properties Inc. (SPI) and Bloomberry Resorts & Hotels Inc. (BRHI) have received the Final Remedies Award of the arbitration tribunal in the case filed by GGAM Philippines and/or GGAM Netherlands as Claimants against SPI and BRHI as Respondents relating to their Management Services Agreement which SPI and BRI terminated in 2013. |
The effect(s) on the Issuer's business or operations, if any |
None. |
Other Relevant Information |
None. |
Name | JONAS KHAW |
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Designation | ASSISTANT CORPORATE SECRETARY |