MATERIAL LITIGATION KINGDOM SEEKERS VENTURES SDN BHD v DATO SRI CHONG KET PEN & 7 ORS [Kuala Lumpur High Court Suit No.: 22NCC-407-10/2014]
| PROTASCO BERHAD |
| Type | Announcement |
| Subject | MATERIAL LITIGATION |
| Description | KINGDOM SEEKERS VENTURES SDN BHD v DATO SRI CHONG KET PEN & 7 ORS [Kuala Lumpur High Court Suit No.: 22NCC-407-10/2014] |
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As announced on 15 April 2015, Protasco Berhad (“Company”) has on 22 January 2015 filed an application to strike out the legal proceedings initiated by Kingdom Seekers Ventures Sdn Bhd wherein the Company is named as the 7th Defendant (“striking out application”). As also previously announced, the hearing for the striking out application proceeded on 13 April 2015 and a decision date for the striking out application is fixed on 21 April 2015. As an update, the Company wishes to announce that the Company’s striking out application was allowed with costs of RM15,000.00 to be paid by the Plaintiff, Kingdom Seekers Ventures Sdn Bhd to the Company.
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Announcement Info
| Company Name | PROTASCO BERHAD |
| Stock Name | PRTASCO |
| Date Announced | 21 Apr 2015 |
| Category | General Announcement for PLC |
| Reference Number | GA1-21042015-00078 |