Corporate digest
Pacific Radiance
MAINBOARD-LISTED Pacific Radiance announced after Monday trading hours the start of arbitration proceedings against two Chinese shipyard groups over two disputed shipbuilding contracts.
The 50 per cent-owned joint venture of Pacific Radiance, CA Offshore Investment Inc (CAOI), issued two notices of arbitration on Nov 18 against Shanghai Waigaoqiao Shipbuilding & Offshore Co, Ltd and China Shipbuilding Trading (Shanghai) Co, Ltd.
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