Figtree Associate Fully Resolves Construction Debt

MT Newswires

07/07

Figtree (SGX:5F4) said a construction debt dispute involving its 20% owned associate, Vibrant Pucheng Logistics (Chongqing), was fully resolved, following Vibrant's (SGX:BIP) acquisition of the final 20.2 million debt tranche for 15 million yuan on July 3, according to a Tuesday bourse filing.

The debt relates to overdue payments for a logistics center in Chongqing, China.

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