17th Nov 2015 15:56
LONDON (Alliance News) - Galasys PLC said Tuesday that a court hearing that had been proposed for Tuesday has been postponed for one week.
Earlier this month, the company said it had received a court order in Malaysia contending two former directors should remain with the company. Hee Chee Keong and Chin Chee Seong have entered the order with the High Court in Kuala Lumpur, the company said at that time. Keong stepped down as chief financial officer in October, while Seong was a non-executive director.
Galasys said that a further announcement will be made in due course.
Shares in the company, which provides technology to Asian theme park operators, were down 3.5% at 20.50 pence Tuesday afternoon.
By Hana Stewart-Smith; [email protected]; @HanaSSAllNews
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