Brief: China New Town Development Got A Notice Of Arbitration From SREI
09/04/2021 12:41
April 9 (Reuters) - China New Town Development Co Ltd
1278.HK :
* RECEIVED A NOTICE OF ARBITRATION FROM SREI WHICH WAS FILED
WITH
HONG KONG INTERNATIONAL ARBITRATION CENTRE
* SREI ALLEGED THAT IT OVERPAID CO UNDER DISPOSAL MASTER
AGREEMENT
* SREI CLAIMED THAT CO SHOULD COMPENSATE AMOUNT OF RMB 390.2
MILLION
* CO WILL CONTEST CLAIM
Source ( https://bit.ly/3s1nkyf)
Further company coverage: 1278.HK
((Reuters.Briefs@thomsonreuters.com;))
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