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WPC Vallianz Holdings News Story

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Brief: Vallianz Holdings Limited updates on legal proceedings

Dec 2 (Reuters) - Vallianz Holdings Ltd  
    * Vallianz holdings ltd - company has been notified by 
indian solicitors appointed by one kishore khanna and 2 other 
individuals 
    * Suit appears to be in relation to a project between soi 
and ongc 
    * Vallianz holdings - company was notified of suit by way of 
emails containing what appears to be draft court papers which 
were unsigned and unsealed by indian courts 
    * Vallianz -  plaintiffs have brought suit on behalf of omi 
for following payment of unpaid invoices from soi, vom and oer, 
totalling a sum of approximately us$1.6 million 
    * Vallianz holdings ltd - vom and holmen have taken steps to 
appoint indonesian lawyers to provide advice on said claims 
    * Vallianz holdings  - claims appear to be in relation to 
maintenance and repair works provided to vessel "holmen arctic" 
    * Vallianz-Vom,Holmen named as defendants alongside swiber 
offshore construction, newcruz offshore to suit commenced by  
pt. Asl shipyard indonesia 
 
Source text for Eikon:  ID:nSNZbQFSBw  
Further company coverage:  VHLD.SI  
 
 ((bangalore.newsroom@thomsonreuters.com;))

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