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BRIEF-Sandmartin International updates on legal proceedings
November 29, 2016 / 3:10 PM / a year ago

BRIEF-Sandmartin International updates on legal proceedings

Nov 29 (Reuters) - Sandmartin International Holdings Ltd

* Received a writ of summons filed by Zhi, Charles as plaintiff against ceo,chairman and exec directors

* Company considers that writ is vexatious and frivolous, and erroneous in facts

* Plaintiff claimed for an injunction to restrain company to continue its proposed open offer

* Plaintiff claimed for declaration that all parties have committed offence under section 25(1) of organized & serious crime ordinance

* Plaintiff claimed for a declaration that Morton, beneficially owned and controlled by Nagahara, had aided and abetted in money laundry Source text for Eikon: Further company coverage:

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