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PRC courts extend freeze on Martin Currie funds

UK-based Martin Currie, which has been embroiled in a three-year stock-trade dispute with a PRC sugar company, has seen its case get stretched out again. The plaintiff, Nanning Sugar, has stated that the PRC court has extended a freeze on a Martin Currie bank deposit of Rmb39.6m (US$ 5.8m) until 8 September 2010. Martin Currie said it is in negotiations…

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