Brief: Sunmoon Food Co updates on legal proceedings
20/10/2015 11:04
Oct 20 (Reuters) - SunMoon Food Company Ltd SMFC.SI : * Sunmoon food company - refers to announcement on 14 April 2014 to shareholders in relation to writ of summons served by nTan Corporate Advisory Pte Ltd * Says as part of the settlement, the company will pay to nTan a sum of S$2.1 million plus 7% gst * Says company and nTan have reached a full and final settlement in relation to nTan's claim in the suit * Says nTan has confirmed that it has no further claim against the company for any professional fees * Following settlement, nTan will discontinue the suit * Source text for Eikon ID:nSNZ108TSQ ((For more news, please click here SMFC.SI )) ((Bengaluru Newsroom; +91 80 6749 1130))
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