As announced previously
on 19 March 2015, Protasco Berhad (“Company”)
has initiated a legal proceeding against PT Anglo Slavic Utama (“1st
Defendant”) and two of its former directors, namely Tey Por Yee (“2nd
Defendant”) and Ooi Kock Aun (“3rd Defendant”) and the
said legal proceeding is fixed for trial on 1 October 2015 to 2 October 2015.
The Company also wishes
to announce that all the 3 Defendants have filed an application for a stay of
the legal proceeding pending arbitration respectively (“stay applications”).
The court has fixed a hearing date for the stay applications on 19 June 2015.