12th Aug 2014 17:36
LONDON (Alliance News) - Russian real-estate company AFI Development PLC Tuesday said its AFIMALL City was continuing to operate normally and there are no current fire safety or other public safety hazards for customers within the mall, after Moscow authorities filed a claim against the company.
In a statement, the company said numerous Russian media outlets reported that the Public Prosecution Office of Moscow Central District had published a press release stating that it filed a claim with a Moscow court requesting that AFI Development eliminates fire safety hazards identified at AFIMALL City and suspends the Mall's operations until these fire safety hazards have been eliminated.
AFI Development said it had previously received a report by the State Fire Safety Control Authorities which specified works to be undertaken to address minor fire safety issues at AFIMALL City. Part of these works are to be completed by October 17, 2014 and the remainder by April 17, 2015, and the company had pledged to meet those deadlines.
"Whilst the Company has not yet received any official documents from the Public Prosecution Office nor from the Court, it has been able to confirm that the widely reported claim has indeed been filed. AFI Development is actively working on addressing all reported minor fire safety issues. The anticipated court proceedings are expected to take several months and the Company believes that it will complete all above-mentioned works by the time the final court decision has been made," the company said in its statement.
"AFIMALL City continues its normal operations and AFI Development confirms that there are currently no fire safety or other public safety hazards for customers within the Mall," it added.
The company's shares closed down 4.4% at USD0.598 in London Tuesday.
By Steve McGrath; [email protected]; @stevemcgrath1
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