Brief: China Ocean Industry Group Says Zhejiang Ouhua Shipbuilding, Units & Certain Parties Enter Settlement
05/09/2019 16:07
Sept 5 (Reuters) - China Ocean Industry Group Ltd 0651.HK :
* ZHEJIANG OUHUA SHIPBUILDING, UNITS AND NIBO TRADING CO
ENTERED
SETTLEMENT AGREEMENT
* UNITS COORDINATE ZHOUSHAN INVESTMENT FUND TO REVISE DEBT
AGAINST
ZHEJIANG OUHUA FROM RMB545.9 MILLION UNDER SETTLEMENT
* ZHEJIANG TO WITHDRAW 2 SUITS ON DISPUTES OVER REVOKING
RIGHTS OF
BANKRUPTCY AGAINST ZHOUSHAN CHINA OCEAN INVESTMENT FUND & UNITS
* CO SHALL PAY ZHEJIANG OUHUA SUM OF RMB8.1 MILLION UNDER
SETTLEMENT BY 31 OCT 2019
Source text for Eikon: urn:newsml:reuters.com:*:nHKS3TJMrl
Further company coverage: 0651.HK
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