Brief: CALB Co Announces Progress Of Litigation

CALB

21/02/2023 01:00

Feb 21 (Reuters) - CALB Co Ltd  3931.HK :
    * ANNOUNCEMENT ON PROGRESS OF LITIGATION
    * JUDGEMENT SAYS CO SHALL IMMEDIATELY CEASE SELLING PRODUCTS
INFRINGING PATENT FOR INVENTIONS OF CONTEMPORARY AMPEREX
TECHNOLOGY CO LTD
    * CLAIMS COMPRISE OF REQUIRING CO TO COMPENSATE PLAINTIFF
FOR
ECONOMIC LOSSES AMOUNTING TO RMB30 MILLION
    * WILL APPEAL AGAINST FIRST INSTANCE JUDGMENT TO SUPREME
COURT
WITHIN APPEAL PERIOD
    * JUDGEMENT SAYS CALB GROUP CO SHALL COMPENSATE CONTEMPORARY
AMPEREX TECHNOLOGY CO FOR ITS ECONOMIC LOSS OF RMB35.8 MILLION

Further company coverage:  3931.HK 
 ((Reuters.Briefs@thomsonreuters.com;))