GL confirms that there is no impact on the ownership of GLHs assets and GLH can still operate ordinary course of business

Stocks and Financial Services Press Releases Tuesday June 5, 2018 15:53
Bangkok--5 Jun--SiamPR Consultant

As previously disclosed through The Stock Exchange of Thailand on 4 June 2018, GL would like to confirm that the injunction order does not prohibit Group Lease Holdings Pte. Ltd. from carrying out its ordinary course of business, therefore GLH will be able to operate business as usual. The Company is also confident that GL Group will be able to win all legal cases.

Mr. Tatsuya Konoshita, GL Director and Chief Executive Officer, informed that, the order does not prohibit GLH from dealing with or disposing of its assets in the ordinary and proper course of business and the order will take effect until the civil action between JTA and GLH in Singapore ends. And as previously mentioned, the order did not impact the ownership of GLH's assets as all GLH assets remain with GLH and are not under the control of JTA or any court.

Mr. Tatsuya Konoshita concludes that GL Group's business direction remains unchanged. The management team continues to strongly believe that GL Group's business will continue to perform well and show good results. Additionally, management is confident that GL Group will win the outstanding court cases both in Thailand and Singapore.

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