Asia Television Holdings' (HKG:0707) subsidiary Asia Television Limited was ordered by the High Court of Hong Kong to pay HK$3 million plus interest to China Trends Holdings, the plaintiff, within 56 days of the hearing held on Sept. 3, a Tuesday filing with the Hong Kong Exchange said.
The plaintiff had claimed against the defendant for damages without specifying the amount of damages claimed in pleadings, a sum of HK$3 million plus interest and costs.
The company's shares closed over 3% lower on Wednesday.
Price (HKD): $0.09, Change: $-0.0030, Percent Change: -3.09%
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