Brief: Hoe Leong Corporation updates on dispute with Otto Marine Limited
19/08/2016 05:07
Aug 19 (Reuters) - Hoe Leong Corporation Ltd HLEC.SI : * Clarification announcement - dispute with otto marine limited) HLEC.SI * Hoe leong corporation - board is of the opinion that the company has sufficient financial resources to pay the sum claimed of US$920,000 * Says company will file a defence against this petition * Board has reviewed the company's forecasts of financial performance for the financial year ended 31 December 2016 * Source text for Eikon ID:nSNZ7q70Vc ((Further company coverage: HLEC.SI )) ((Bangalore.newsroom@thomsonreuters.com))
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