Brief: South China Holdings updates on legal proceedings
08/12/2015 22:13
Dec 9 (Reuters) - South China Holdings Co Ltd 0413.HK : * Update its shareholders on the latest development of a series of arbitration and litigation proceedings * Will explore every possible course of legal action with a view to bringing an equitable and just result to Janful on its investment made * On 15 September 2015, Nanjing intermediate people's court has made a judgment against Nanjing skytech * Janful is of view that amount of damages awarded is far less than the claim of RMB86 million for 5 years from 2000 to 2005 and appeal has been lodged * Judgement for "breach of the company law of People's Republic of China" * Source text for Eikon ID:nHKS8XnJN4 * ((For more news, please click here 0413.HK )) ((Bengaluru Newsroom; +91 80 6749 1130))
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