Brief: Cnnc International Updates On Lawsuit Relating To Mongolian Mining Project
04/05/2020 02:13
May 4 (Reuters) - CNNC International Ltd 2302.HK :
* UPDATES ON LAWSUIT RELATING TO MONGOLIAN MINING PROJECT
* INFORMED BY GROUP'S MONGOLIAN LEGAL ADVISER THAT COURT
REFUSED
DISCUSSION OF GROUP'S APPLICATION
* MANAGEMENT OPTIMISTIC THAT APPLICATION COULD BE RESOLVED
SATISFACTORILY
* GROUP WOULD APPEAL AGAINST DECISION OF COURT
* IF FINAL OUTCOME OF APPEAL NOT BE FAVOURABLE TO GROUP,
WILL NEED
TO PERFORM FURTHER IMPAIRMENT ASSESSMENT OF SOME ASSETS
Source text for Eikon: ID:nHKS59BMWb
Further company coverage: 2302.HK
((Reuters.Briefs@thomsonreuters.com;))
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