Brief: Crown International Corp updates on settlement arrangement between the Group and the Purchaser
28/01/2016 11:23
Jan 28 (Reuters) - Crown International Corp Ltd 0727.HK : * Subsequent to completion of the disposal in 2014, uihil had not timely received the consideration * "Uihil commenced legal proceedings against the purchaser in a prc court in November 2014" * Through the successful recovery of the sale interest, the group also successfully recovered the hotel property from the purchaser" * Pursuant to the settlement arrangement, purchaser returned sale interest to group and u inns jinggangshan was again a unit of co * Source text for Eikon ID:nHKScg2WyP ((For more news, please click here 0727.HK )) ((Bengaluru Newsroom; +91 80 6749 1130))
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