Brief: Newocean Energy Says High Court Ordered Proceedings Against Newocean Petroleum Under Writ Be Discontinued
22/10/2019 11:35
Oct 22 (Reuters) - Newocean Energy Holdings Ltd 0342.HK :
* HIGH COURT ORDERED THAT PROCEEDINGS AGAINST NEWOCEAN
PETROLEUM
UNDER WRIT BE DISCONTINUED WITH COSTS TO NEWOCEAN PETROLEUM
* NEWOCEAN PETROLEUM WILL BE ENTITLED TO COMPENSATION FOR
LOSS
INCURRED ARISING FROM PROCEEDINGS
* DIRECTORS WILL ON BEHALF OF NEWOCEAN PETROLEUM SEEK, APART
FROM
LEGAL COSTS, FULL COMPENSATION OF ANY SUCH LOSS
Source text for Eikon: ID:nHKS3N6QnX
Further company coverage: 0342.HK
((Reuters.Briefs@thomsonreuters.com;))
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