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PICC Property and Casualty ‍updates on derivative action involving a director​

Tuesday, 19 Sep 2017 08:08pm EDT

Sept 20 (Reuters) - Picc Property And Casualty Co Ltd <2328.HK>::Updates on derivative action in Cayman Islands involving an independent non-executive director​.Company considers that derivative action will not have any effect on business or operations of company​.Board of directors of Shanshui Cement is seeking legal advice on claims in derivative action​.Relief is sought in name of Shanshui Cement as against the defendants​.

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