March 20 (Reuters) - Silver Heritage Group Ltd (SVH) :
- UPDATES REGARDING ITS OPERATIONS AT PHOENIX INTERNATIONAL CLUB, BAC NINH IN VIETNAM
- NEGOTIATED SETTLEMENT AGREEMENT WITH OWNER OF PHOENIX INTERNATIONAL CLUB, CO WILL BE PAID US$5.25 MILLION IN COMPENSATION
- SETTLEMENT PROVIDES FOR TERMINATION OF ESA & TRANSFER OF GAMING ASSETS OF COMPANY LOCATED AT PHOENIX TO OWNER OF PHOENIX
- COMPANY EXPECTS TO RECORD A LOSS ON DISPOSAL OF APPROXIMATELY US$1.2 MILLION
- FOLLOWING TERMINATION OF ENTERTAINMENT SERVICES AGREEMENT, CO WILL CEASE OPERATIONS IN VIETNAM
Source text: (http//bit.ly/2TOqY2c)
