MATERIAL LITIGATION CIVIL APPEAL AGAINST HCM ENGINEERING SDN BHD (“HCM”), A SUBSIDIARY COMPANY, IN CIVIL APPEAL NO. B-02(IM)-1566-09/2014 Menuju Asas Sdn Bhd –v- HCM Engineering Sdn Bhd, AND CIVIL APPEAL NOS. B-02(IM)-1563-09/2014 AND B-02(IM)-1564-09/2014, Menuju Asas Sdn Bhd, Mohd Redzuan Mohanan Abdullah (T/A Menuju Asas Enterprise), Mohd Redzuan Mohanan Abdullah –v- HCM Engineering Sdn Bhd
PROTASCO BERHAD |
Type | Announcement |
Subject | MATERIAL LITIGATION |
Description | CIVIL APPEAL AGAINST HCM ENGINEERING SDN BHD (“HCM”), A SUBSIDIARY COMPANY, IN CIVIL APPEAL NO. B-02(IM)-1566-09/2014 Menuju Asas Sdn Bhd –v- HCM Engineering Sdn Bhd, AND CIVIL APPEAL NOS. B-02(IM)-1563-09/2014 AND B-02(IM)-1564-09/2014, Menuju Asas Sdn Bhd, Mohd Redzuan Mohanan Abdullah (T/A Menuju Asas Enterprise), Mohd Redzuan Mohanan Abdullah –v- HCM Engineering Sdn Bhd |
As previously announced,
the legal suits filed by Menuju Asas Sdn Bhd (“Menuju Asas”) for the sum of
RM507,661.78 in Shah Alam High Court Suit No: 22-1558-2010 and the sum of
RM9,960,492.17 in Shah Alam High Court Suit No: 22-1559-2010 respectively
against HCM Engineering Sdn Bhd (“HCM”) were struck out with costs of
RM6,000.00 (in total for both suits) by the High Court on 12.08.2014. Menuju
Asas’s Amendment Application was also dismissed with costs of RM3,000.00 to be
paid by Menuju Asas to HCM.
Menuju Asas has on
08.09.2014 served HCM 3 notices of appeal appealing against the 3 decisions
delivered by the High Court on 12.08.2014 (“3 appeals”). As an update, Protasco Berhad wishes to announce that the 3 appeals filed by Menuju Asas were dismissed by the Court of Appeal today with costs of RM15,000.00 (in total for 3 appeals) to be paid by Menuju Asas to HCM.
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Announcement Info
Company Name | PROTASCO BERHAD |
Stock Name | PRTASCO |
Date Announced | 13 Mar 2015 |
Category | General Announcement |
Reference No | CA-150313-15716 |