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NEWOCEAN ENERGY (00342.HK): Plaintiff Discontinues Proceedings against NewOcean
NEWOCEAN ENERGY (00342.HK) announced that on the joint application of the Plaintiff and NewOcean Petroleum pursuant to Order 42 rule 5A of the Rules of the High Court (Chapter 4A of the Laws of Hong Kong), the High Court has today ordered that the proceedings against NewOcean Petroleum under the Writ (as re-amended) be discontinued with costs to NewOcean Petroleum.
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