February 23, 2017 / 12:27 PM / 6 months ago

BRIEF-Lippo China Resources updates on legal proceedings

Feb 23 (Reuters) - Lippo China Resources Ltd

* Notified that CS Mining had filed several lawsuits on 17 february 2017 in united states bankruptcy court against some of its creditors

* Existing carrying value of LCR Group's investment in CS Mining amounted to approximately hk$58 million

* CS Mining asserts several causes of action against Waterloo with respect to Waterloo loan

* "Waterloo believes that each of allegations contained in lawsuit are without merit" Source text for Eikon: Further company coverage:

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