Greater China

Titan to reach settlement on Quanzhou shipyard

Hong Kong: Titan Petrochemicals announced that, the  company,  Titan  Fujian  and  Titan  TQSL have  been in  negotiations with Grand China Logistics to reach a settlement on the litigation relating to the group’s proposed disposal of its 95% equity interest in Titan Quanzhou Shipyard.

All the parties have agreed a stay to the proceedings pending the results of negotiations on the settlement. [15/08/13]

 

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Titan wants to keep shipyard

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