Brief: Brilliant Circle Holdings International Notified That Applications Regarding Arbitration Not Successful

Litu Holdings

13/12/2021 15:09

Dec 13 (Reuters) - Brilliant Circle Holdings International
Ltd  1008.HK :
    * BEEN NOTIFIED THAT APPLICATIONS FOR CANCELLATION OF
ARBITRATION
& STAY OF EXECUTION ARE NOT SUCCESSFUL
    * APPLIED TO SHENZHEN INTERMEDIATE PEOPLE'S COURT TO SET OFF
LEGAL
COSTS, ARBITRATION EXPENSES BETWEEN PARTIES
    * AS AT DATE HEREOF, CLAIMANT HAS FROZEN BANK ACCOUNT OF
OTHER
RESPONDENT IN SUM OF RMB18.5 MILLION
    * WILL NEGOTIATE WITH OTHER RESPONDENT TO REACH AGREEMENT
    * NEGOTIATION REGARDING CO'S REQUIREMENT TO SHARE &
REIMBURSE
OTHER RESPONDENT FOR ARBITRAL AWARD

Source text for Eikon:  ID:nHKSbwD3bL 
Further company coverage:  1008.HK 

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