Brief: Pearl Oriental Oil announces stay of action under claim & dismissal of winding-up petition

CHK Oil

26/09/2017 11:49

Sept 26 (Reuters) - Pearl Oriental Oil Ltd  0632.HK  
    * Co & Razor-Sharp Investments reached amicable settlement 
for action under claim by way of consent summons in high court 
    * Refers to announcements regarding action against co by 
Razor-Sharp Investments Limited under claim and  petition 
    * Co to pay to Razor-Sharp sum of HK$25.2 million with 
interest 
    * Petitioner & co reached settlement for claims under 
petition by way of consent summons in high court 
    * Co shall pay petitioner HK$20.1 million plus interest for 
claims regarding dismissal of winding up petition 
 
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