Brief: CSC Holdings says unit has received writ of summons

CSC Holdings

11/08/2016 11:34

Aug 11 (Reuters) - CSC Holdings Ltd  CSCH.SI : 
 
 * Receipt of writ of summons)  CSCH.SI  
 * Wholly-owned subsidiary, CS Bored Pile System Pte Ltd  has received 
   a writ of summons on 10 August 2016 
 * China Construction is claiming, inter alia, damages in sum of $4.7 million arising from and/or due to an alleged wrongful repudiation of a piling 
   subcontract by csbp 
 * CSBP intends to vigorously defend its position against the alleged claim 
 * Summons filed by China Construction (South Pacific) Development Co. Pte. Ltd. in the high court of the republic of Singapore. 
 * Looking to advance a counter claim against China construction for loss of  profits. 
 * CSBP is of the opinion that there are no merits to the claims and is in the  process of seeking legal advice on this matter 
 
* Source text for Eikon  ID:nSNZ5Wwbzw  
 
* ((Further company coverage:  CSCH.SI )) 
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