J Trust Co., Ltd.
Unknown
A first-instance judgment has been handed down in a civil lawsuit seeking repayment of convertible bonds undertaken by Trust Asia in Thailand, ordering Trust Asia to pay a total amount of approximately 26,508 million yen. Going forward, deductions and settlements are expected with Group Lease Holdings Pte. Ltd. and others. The group will work to recover the amounts. Exchange information is provided in JPY/USD at 0.0063155.
Key Figures
- Total approximately 26,508 million yen equivalent (Thai Baht converted)
- Thai Baht 5,522,400,000 (approximately 26,508 million yen)
- Exchange rate JPY/USD: 0.0063155235569028675
AI要約
Key items
This is a disclosure concerning the progress of the first-instance judgment in the civil lawsuit regarding repayment of convertible bonds issued to TRUST ASTA PTE. LTD. (Trust Asia). The court has ordered Trust Asia to pay a total of about 26,508 million yen and to pay late payment interest. The group may apply deductions against Group Lease Holdings Pte. Ltd. in Singapore and others, and will make every effort to recover amounts in the future.
Outlook and impact
The judgment may involve payment of litigation costs and late payment interest, and the impact on the group's finances is unknown, but there is a statement to continue recovery efforts, and the range of impact could vary depending on further legal developments or potential settlements. The exchange rate assumptions are provided, and the Thai baht conversion is also noted.
J Trust
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