Alliance Mineral’s CEO Pramoko says will pay Lim 'within two weeks' to free up seized shares

SINGAPORE (July 10): Tjandra Pramoko, CEO of Alliance Mineral Assets (AMA), says he will pay the $7 million due to Jonathan Lim Keng Hock within the next two weeks.

This should free up the AMA shares held on June 30 following a writ of seizure ordered by the courts as part of the settlement agreement reached on April 25 between Pramoko and Lim.

As Lim had told The Edge Singapore in an exclusive interview on Sunday, Pramoko was to transfer 46.1 million shares to Lim and pay an additional $7 million in cash.

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