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BRIEF-China Oceanwide updates on litigation involving a unit in Indonesia
June 9, 2017 / 12:01 PM / 4 months ago

BRIEF-China Oceanwide updates on litigation involving a unit in Indonesia

June 9 (Reuters) - China Oceanwide Holdings Ltd:

* Updates on litigation involving a subsidiary of company in indonesia

* Board is of view that pt mabar has properly acquired indonesian land and that KPN has no basis to commence litigation​

* Currently unable to predict outcome of appeal with certainty​

* Pt Mabar is currently seeking legal advice in relation to appeal

* Board, for time being, could not estimate ultimate impact of litigation on group​ Source text for Eikon: Further company coverage:

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