NTU Contract Update
No summary for this filing – the full text is below.
Select text to share a quote on X · sign in to keep highlights & notes in your TRB notes
Further to the announcement on 2 May 2023, Tribal is now entering into a mediation process with Nanyang Technological University ("NTU").
NTU has updated its demand for damages allegedly incurred as a result of its purported termination of its contract (as previously announced) ("NTU Demand"). The updated NTU Demand is in the amount of SGD17,511,651 and USD377,724 on account of alleged damages, losses, costs and/or expenses. NTU reserves the right to update the quantification of its demand.
The Company has sought legal advice regarding NTU's Demand which it intends to vigorously dispute.
Cleaned text: letterheads, contacts and legal notices removed. View the original announcement ↗ · Company filings. Not investment advice.