OTHERS AEON CO. (M) BHD. ("AEON" OR "COMPANY") - Kuala Lumpur High Court Civil Suit against Gemilang Waras Sdn. Bhd.
|AEON CO. (M) BHD|
AEON CO. (M) BHD. ("AEON" OR "COMPANY") - Kuala Lumpur High Court Civil Suit against Gemilang Waras Sdn. Bhd.
Reference is made to the Company’s announcement on 9th November 2017, 7th December 2017 and 30th April 2018 pertaining to the suit against Gemilang Waras Sdn. Bhd. (496922-H) (“the Defendant”) in the High Court of Malaya in Kuala Lumpur on the renewal of lease for AEON Mall Bukit Tinggi.
The Company wishes to inform that the Company has filed a stay application on 8th May 2018 in accordance with the High Court’s direction. A Notice of Appeal against the High Court’s decision delivered on 27th April 2018 was subsequently filed on 15th May 2018. The hearing for the stay application was fixed on 4th July 2018.
At the hearing for the stay application, the Company and the Defendant (“Parties”) have entered into a consent order on 4th July 2018 pending the disposal of the appeal in the Court of Appeal. The Company has on 24th July 2018 received the sealed consent order (“the Consent Order”) through its solicitors. The Consent Order provides as follows:-
If there is any development on the above suit, further announcement will be made in due course.
This announcement is dated 25th July 2018.
|Company Name||AEON CO. (M) BHD|
|Date Announced||25 Jul 2018|
|Category||General Announcement for PLC|