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147 — International Business Settlement Holdings News Story

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Brief: International Business Settlement Enters Settlement Deed On Potential Claim With Liquidators

May 8 (Reuters) - International Business Settlement Holdings Ltd 0147.HK:

ENTERS SETTLEMENT DEED ON POTENTIAL CLAIM WITH LIQUIDATORS

CLAIM AMOUNT UNDER PETITION AMOUNTED TO OVER HK$30 MILLION

COMPANY TO PAY HK$14 MILLION SETTLEMENT SUM TO LIQUIDATORS

LIQUIDATORS TO SEEK HIGH COURT APPROVAL OF SETTLEMENT DEED WITHIN 2 YEARS

Further company coverage: 0147.HK

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

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