Brief: Pearl Oriental Oil Updates On Possible Derivative Action And Establishment Of Independent Board Committee

CHK Oil

05/11/2018 11:48

Nov 5 (Reuters) - Pearl Oriental Oil Ltd  0632.HK :
    * ON OCT 23, CO GETS SUMMONS IN WHICH APPLICANT REQUESTS
COURT TO
GRANT LEAVE TO COMMENCE DERIVATIVE ACTION FOR AND ON BEHALF OF
CO
    * SUMMONS FOR BREACH OF DIRECTORS' DUTIES OWED TO COMPANY
    * ON NOV 5, BOARD RESOLVED TO ESTABLISH INDEPENDENT BOARD
COMMITTEE FOR CONDUCTING INDEPENDENT INVESTIGATION, SEEKING
LEGAL ADVICE

Source text for Eikon:  ID:nHKS3QgMxP 
Further company coverage:  0632.HK 

 ((Reuters.Briefs@thomsonreuters.com;))