Satya Capital sues China Aviation Oil

“The claim against the company is for an alleged breach of a share purchase agreement dated 18 August 2004 between Satya and the company in which the company had agreedto acquire 88 million shares in Singapore Petroleum Company Ltd,” CAO (Singapore) Corp said in a statement.

The claim against CAOHC is for alleged conspiracy with its daughter company to break the share purchase agreement, CAO (Singapore) Corp said.

The amount being claimed is S$47,160,000, ($28,650,000) plus damages, CAO Sin