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Annual Report
2018
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Announcements

Date: 11 December 2017

MATERIAL LITIGATION BERTAM ALLIANCE BERHAD (Bertam or the Company) In the High Court Kuala Lumpur Winding Up Petition No. WA-28NCC-518-08/2017 R & C Cergas Teguh Sdn Bhd (Petitioner) Vs Bertam Development Sdn Bhd (Respondent) In the Appeal Court of Malaysia Appeal Civil Suit No. W-02(C)(A)-1277-0/2017 Bertam Development Sdn Bhd (Appellant) Vs R & C Cergas Teguh Sdn Bhd (Respondent)


Type Announcement
Subject MATERIAL LITIGATION
Description BERTAM ALLIANCE BERHAD (Bertam or the Company) In the High Court Kuala Lumpur Winding Up Petition No. WA-28NCC-518-08/2017 R & C Cergas Teguh Sdn Bhd (Petitioner) Vs Bertam Development Sdn Bhd (Respondent) In the Appeal Court of Malaysia Appeal Civil Suit No. W-02(C)(A)-1277-0/2017 Bertam Development Sdn Bhd (Appellant) Vs R & C Cergas Teguh Sdn Bhd (Respondent)

Reference is made to the announcements made on 6 October 2016, 28 February 2017, 26 July 2017, 8 August 2017, 24 August 2017 and 14 November 2017 respectively.

The Winding-up petition on the ground of abuse of process was fixed for decision on 30.11.17 and The Board of Directors of Bertam Alliance Berhad ("Bertam" or "the Company") wishes to announce that a wholly-owned subsidiary of the Company, Bertam Development Sdn Bhd ("BDSB") had on 8 December 2017 received letters from the Company's Solicitors informing that BDSB is a solvent company and to prove its solvency and/or to rebut any presumption of insolvency, BDSB has deposited the sum of RM4,568,203.47 to the Company's Solicitors account in August 2017.

Therefore, the Respondent position has been secured by reason thereof and BDSB in giving the said security has acted reasonably in satisfaction of the Respondent and the High Court had refused to set aside the Winding Up petition and instead had allowed winding up. The Company had filed a stay application in Court of Appeal. Case management will be heard within one month from the date 30/11/17.

The Company had filed an appeal and the hearing in the Court of Appeal in view of the fact that there is merit in the jurisdictional objection to the adjudication order, the appeal in the Court of Appeal has changed from 16 January 2018 to 17 January 2018.

Further announcement on the developments of the above matter will be made to Bursa Malaysia Securities Berhad in due course.

This announcement is dated 11 December 2017.





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