Brief: BaWang International says company has won legal proceedings

BaWang International Holding

23/05/2016 15:24

May 23 (Reuters) - BaWang International Group Holding Ltd  1338.HK : 
 
 * Bawang group-voluntary announcement update on the results of litigation 
 1338.HK  
 * Received final judgment handed down by court of first instance of high court of Hong Kong in respect of legal proceedings 
 * Co and its indirect wholly-owned subsidiary, Bawang (Guangzhou) company 
limited have won the legal proceedings 
 * "All the pleaded defences raised by next magazine in relation to the libel claim of the company and Bawang Guangzhou were rejected" 
 * Next magazine was ordered by court to pay company and Bawang Guangzhou amount 
of hk$3 million 
 * Source text for Eikon  urn:newsml:reuters.com:*:nHKS3hpQsg 
 
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