BURSA ANNOUCEMENTS

Date : 14 February 2019

MATERIAL LITIGATION Claim by Redberry Sdn. Bhd. ("Redberry") against Utusan Melayu (Malaysia) Berhad ("Utusan")

ANCOM BERHAD

Type Announcement
Subject MATERIAL LITIGATION
Description
Claim by Redberry Sdn. Bhd. ("Redberry") against Utusan Melayu (Malaysia) Berhad ("Utusan")

We refer to the Company’s announcement on 6 September 2018 (Reference No.: GA1-06092018-00059) on the above subject matter.

 

The Company wishes to announce that the High Court at Kuala Lumpur had on 11 February 2019 awarded a Summary Judgement in favour of Redberry to recover the following against Utusan:

 

(i)         The deposit sum of RM8,500,000.00 (“Deposit Sum”);

(ii)        Interest at the rate of 5% per annum on the Deposit Sum, to be assessed from the date of judgment to the date of full repayment; and

(iii)       Cost amounting to RM5,000.00.

 

 

This announcement is dated 14 February 2019.






Announcement Info

Company Name ANCOM BERHAD
Stock Name ANCOM
Date Announced 14 Feb 2019
Category General Announcement for PLC
Reference Number GA1-14022019-00024