Brief: DX.com updates on legal proceedings
04/11/2015 04:06
Nov 4 (Reuters) - DX.com Holdings Ltd 8086.HK : * Update on litigation 8086.HK * Refers to "litigation" in the annual report of DX.com Holdings for the year ended 30 June 2015 * District court has made order for Epro Ecomm to pay for reasonable costs and fees incurred by plaintiff during legal process * Says company is currently seeking legal advice from its United States legal adviser * Subsequently informed by legal adviser as to United States laws on 4 November that district court on 3 November granted an application * District court on 3 November granted an application to delay effectiveness of the reduction of restrained sum pending a hearing scheduled on 10 November * District court entered an order to reduce sum temporarily restrained in bank accounts and other financial accounts of Epro E-Commerce * District court entered an order to reduce sum from US$5 million to US$25,000 * Source text for Eikon ID:nHKS8SjSWp ((For more news, please click here 8086.HK )) ((Bengaluru Newsroom; +91 80 6749 1130))
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