An Australian court has extended the freeze order on some 148 million Donaco shares held by several Thai vendors for five more months as they are now part of a legal claim.
The Supreme Court of New South Wales granted Donaco’s petition to extend a previous freeze order on the shares of Cambodian nationals Somboon Sukcharoenkraisri, Techatut Sukcharoenkraisri and Bhuvasith Chaiarunrojh.
Donaco said the frozen shares of the three represented approximately 17.9 percent of company’s issued capital. With the freeze order remaining in effect, the respondents are still prohibited from selling or disposing their stocks until the end of their arbitration in Singapore.
“The Supreme Court of New South Wales has today granted a further extension of the freezing order, by consent, until 2 November 2018, when the matter is listed for further directions,” Donaco said in a press release.