MATERIAL LITIGATION Claim by Redberry Sdn. Bhd. ("Redberry") against Utusan Melayu (Malaysia) Berhad ("Utusan")
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.
|Company Name||ANCOM BERHAD|
|Date Announced||14 Feb 2019|
|Category||General Announcement for PLC|