Brief: National United Resources Holdings Updates On Recent Development Of Suspension Of Trading

National United Resources Holdings

30/10/2018 14:10

Oct 30 (Reuters) - National United Resources Holdings Ltd
 0254.HK :
    * UPDATES ON ARBITRATION WHERE SOUTHGOBI SANDS LLC WAS
ORDERED TO
PAY US$11.5 MILLION TO FIRST CONCEPT
    * FIRST CONCEPT HAS BEEN NEGOTIATING WITH SOUTHGOBI SANDS
LLC FOR
PAYMENT ARRANGEMENTS OF OUTSTANDING SUM
    * IN EVENT OF  UNSUCCESSFUL NEGOTIATION, FIRST CONCEPT WILL
PROCEED TO ENFORCE PARTIAL ARBITRAL AWARD AGAINST SOUTHGOBI
SANDS

Source text for Eikon:  ID:nHKS1cHlz6 
Further company coverage:  0254.HK 

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