Brief: Sinofortune Financial Says JV Co Got Notification By China Chongqing Arbitration Commission
07/11/2019 11:53
Nov 7 (Reuters) - Sinofortune Financial Holdings Ltd
8123.HK :
* JV CO GOT NOTIFICATION BY CHINA CHONGQING ARBITRATION
COMMISSION
THAT ARBITRATION APPLICATION WAS MADE BY JV'S CUSTOMER
* CLAIMANT ALLEGED IN ARBITRATION THAT JV CO HAD FAILED TO
PERFORM
ITS OBLIGATION MADE BETWEEN JV CO AND CLAIMANT ON 14 JULY
* CLAIMANT ALSO CLAIMED FOR PAYMENT OF LIQUIDATED DAMAGES OF
RMB11
MILLION AND COSTS OF ARBITRATION
Source text for Eikon: ID:nHKS9SwZ9P
Further company coverage: 8123.HK
(Reuters.Briefs@thomsonreuters.com)
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