Brief: Ramba Energy Says Co And Unit Entered Settlement Agreement With Super Power Enterprises

Eneco Energy

05/06/2018 16:19

June 5 (Reuters) - Ramba Energy Ltd  RAMB.SI :
    * SAYS CO AND UNIT HEXINDO ENTERED INTO A SETTLEMENT
AGREEMENT
WITH SUPER POWER ENTERPRISES GROUP (SPE)
    * SAYS HEXINDO TO PAY SPE $10 MILLION IN FULL AND FINAL
SETTLEMENT
OF ALL OUTSTANDING AMOUNTS RECOVERABLE BY SPE
    * SAYS SETTLEMENT REPRESENTS "A SIGNIFICANTLY SMALLER
AMOUNT"
COMPARED TO ORIGINAL AMOUNT CLAIMED BY SPE

Source text for Eikon:  ID:nSNZ7cPKFq 
Further company coverage:  RAMB.SI 

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