Bursa Announcements

Date : 09 November 2017

OTHERS AEON CO. (M) BHD. ("AEON" or "the Company") - Kuala Lumpur High Court Civil Suit against Gemilang Waras Sdn. Bhd.

AEON CO. (M) BHD

Type Announcement
Subject OTHERS
Description
AEON CO. (M) BHD. ("AEON" or "the Company")
-	Kuala Lumpur High Court Civil Suit against Gemilang Waras Sdn. Bhd.

The Board of Directors of the Company wishes to announce that the Company has on 9th November 2017 commenced a suit against Gemilang Waras Sdn. Bhd. (496922-H) (ďthe DefendantĒ) in the High Court of Malaya in Kuala Lumpur.

The suit is in relation to the renewal of lease for AEON Mall Bukit Tinggi and the Company is seeking enforcement for the following reliefs:-

  1. Injunction to prevent the Defendant or its agents or its servants or its affiliate or holding company from taking any action to terminate the Lease Agreement dated 23rd November 2007 pending courtís decision;
  2. Injunction to prevent the Defendant or its agents or its servants or its affiliate or holding company from taking any action to evict the Company and/or its tenants from AEON Mall Bukit Tinggi and/or having any dealing in relation to the demised premises pending courtís decision;
  3. Interlocutory injunction to maintain the status quo of the Defendant and the Company pending courtís decision;
  4. Declaration that the lease has been renewed or specific performance to compel the Defendant to take all necessary formal steps to renew the lease and/or damages; and
  5. Any other reliefs that the court deems fit.

The said suit is not expected to have any material financial or operational impact on the Company for the financial year ending 31st December 2017.

The Company had sought legal advice on the above matter.

Any further updates or development on the above suit will be made in due course.

This announcement is dated 9th November 2017.






Announcement Info

Company Name AEON CO. (M) BHD
Stock Name AEON
Date Announced 09 Nov 2017
Category General Announcement for PLC
Reference Number GA1-19092017-00004


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