10th Mar 2015 17:11
LONDON (Alliance News) - Urals Energy PCL said Tuesday that Komineftegeofizika OAO, or KNGF, has filed a second appeal after Urals won a case against it in January over the outstanding loan it owes Urals.
Urals had expected the court to issue an order for the collection of the USD500,000 loan, however, KNGF has filed a second appeal with the cassation court and a motion to stop the enforcement of the debt.
Shares in Urals closed at 3.12 pence Tuesday.
By Hana Stewart-Smith; [email protected]; @HanaSSAllNews
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