Brief: China Oceanwide updates on litigation involving a unit in Indonesia

China Oceanwide Holdings

09/06/2017 12:54

June 9 (Reuters) - China Oceanwide Holdings Ltd  0715.HK : 
    * Updates on litigation involving a subsidiary of company in 
indonesia 
    * Board is of view that pt mabar has properly acquired 
indonesian land and that KPN has no basis to commence 
litigation 
    * Currently unable to predict outcome of appeal with 
certainty 
    * Pt Mabar is currently seeking legal advice in relation to 
appeal 
    * Board, for time being, could not estimate ultimate impact 
of litigation on group 
 
Source text for Eikon:  urn:newsml:reuters.com:*:nHKS8dfpG 
Further company coverage:  0715.HK  
 
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