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BRIEF-Oxley responds to SGX queries regarding termination of hotel management term sheet in Indonesia
April 10, 2017 / 10:00 AM / in 7 months

BRIEF-Oxley responds to SGX queries regarding termination of hotel management term sheet in Indonesia

April 10 (Reuters) - Oxley Holdings Ltd

* Responds to SGX queries in relation to termination of term sheet for management of a hotel in Batam, Indonesia

* Due to commercial reasons, parties mutually agree not to proceed further to enter into definitive agreements and hence, term sheet lapsed on 31 March 2017

* After entering into term sheet, co and Wyndham took steps to negotiate detailed terms of definitive deals until they mutually agree not to proceed further Source text for Eikon: Further company coverage:

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