threeputt - relevent RNS21 Feb 2014 18:54
The arbitration over the Mall is still ongoing and is in the provision of evidence stage. There remains uncertainty as to both the decision of the Arbitration Commission and the timing of this decision. In event that either the decision is still pending on 28 February, 2014 or a decision has been handed down which is not in Hong Yi's favour, UniVision 's Board would have the option of either enforcing this agreement or renegotiating the blackstop date. As part of consideration for the 51% interest include some assets that are currently owned by Hua Xin, Jun Heng or Hong Yi, the Board of Directors consider to allow some extension to the blackstop date so as to improve its negotiating position over the precise composition of the consideration.