September 30, 2016 / 12:36 PM / 10 months ago

BRIEF-China Sky Chemical Fibre receives results from court

1 Min Read

Sept 30 (Reuters) - China Sky Chemical Fibre Co Ltd

* Received results from court that there were 14 lawsuits filed against a unit

* 13 of lawsuits between subsidiaries and claimant, China Construction Bank Quanzhou Branch, of approximately RMB 1 billion have been settled

* PRC counsel has advised that these 13 lawsuits may be subject to further legal proceedings if terms of settlement are breached Source text for Eikon: Further company coverage:

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