Brief: Lippo China Resources updates on legal proceedings
23/02/2017 11:53
Feb 23 (Reuters) - Lippo China Resources Ltd 0156.HK
* Notified that CS Mining had filed several lawsuits on 17
february 2017 in united states bankruptcy court against some of
its creditors
* Existing carrying value of LCR Group's investment in CS
Mining amounted to approximately hk$58 million
* CS Mining asserts several causes of action against
Waterloo with respect to Waterloo loan
* "Waterloo believes that each of allegations contained in
lawsuit are without merit"
Source text for Eikon: ID:nHKS1Vswlh
Further company coverage: 0156.HK
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