Eastern Co. denies lawsuit against Arabian for Trade
Eastern Company (EAST.CA) denied filing a lawsuit against Arabian for Trade for competing against it in manufacturing cigarettes. According to the company, the only lawsuit Eastern has filed against the company is for the use of a molasses trademark similar to its own. (Company disclosure) Eastern Company: EGP212.03 as of 11 October 2016, Rating: Buy, FV: EGP310.00 per share, MCap: USD1,194mn, EAST EY / EAST.CA
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