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156 — Lippo China Resources News Story

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Brief: Lippo China Resources Announces Lcr Parties Reached Consensus After Mediation & Entered Into A Settlement Agreement With Counterparties On 20 Sept

Sept 20 (Reuters) - Lippo China Resources Ltd  0156.HK :
    * LCR PARTIES REACHED CONSENSUS AFTER MEDIATION & ENTERED
INTO A
SETTLEMENT AGREEMENT WITH COUNTERPARTIES ON 20 SEPT
    * LCR GROUP AGREED TO PAY US$49.5 MILLION TO COUNTERPARTIES
UNDER
SETTLEMENT AGREEMENT
    * PARTIES AGREED TO SETTLE LITIGATION & ALL CLAIMS FOR LCR
GROUP'S
OWNERSHIP INTEREST & PARTICIPATION IN SKYE AND CS MINING


Further company coverage:  0156.HK 

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

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