Brief: Sino Resources updates on settlement of legal proceedings between company and trustees in bankruptcy of Hung Chen

Elife Holdings

21/12/2015 11:47

Dec 21 (Reuters) - Sino Resources Group Ltd  0223.HK : 
* Settlement of the legal proceedings between the company and the trustees in bankruptcy of hung chen - fulfilment of conditions precedent of settlement deed  0223.HK  
* Says the court sanction has been obtained by the trustees on 17 December 2015 
* Trustees' legal advisor notified the company's legal advisor that an order was made by mr. justice g lam 
* Order sanctioning settlement deed and authorizing the trustees to settle on the terms as set out in the settlement deed 
* Referes to settlement of legal proceedings between co and trustees of bankrupt, hung 
 
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