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BRIEF-CSC Financial updates on dispute with Yu Xiaofeng
July 4, 2017 / 2:19 PM / 4 months ago

BRIEF-CSC Financial updates on dispute with Yu Xiaofeng

July 4 (Reuters) - CSC Financial Co Ltd:

* Updates on dispute with Yu Xiaofeng over margin financing and securities lending business

* Co recently received a notice of response issued by Beijing Arbitration Commission

* “Company believes that arbitration application will not have a material impact on its financial position”

* In arbitration application, Yu Xiaofeng requested for a sum of approximately rmb38.16 million in damages Source text for Eikon: Further company coverage:

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