Announcements

Date : 15 December 2015

MATERIAL LITIGATION MATERIAL LITIGATION LEGAL SUIT INITIATED BY PROTASCO TRADING SDN BHD AGAINST PT GOLDCHILD INTEGRITAS ABADI AND OOI KOCK AUN

PROTASCO BERHAD

Type Announcement
Subject MATERIAL LITIGATION
Description
MATERIAL LITIGATION LEGAL SUIT INITIATED BY PROTASCO TRADING SDN BHD AGAINST PT GOLDCHILD INTEGRITAS ABADI AND OOI KOCK AUN

As previously announced on 19 October 2015, Protasco Berhad’s subsidiary, Protasco Trading Sdn Bhd (“PTSB”) has filed a legal suit at the Shah Alam High Court against PT Goldchild Integritas Abadi (“PT Goldchild”), an Indonesian company and Ooi Kock Aun for inter-alia a declaration that the Coal Supply Agreement dated 4 February 2013 is void and in breach of the Companies Act, 1965 and for a refund of the Deposit paid.

The Company wishes to announce that Ooi Kock Aun’s application to stay the proceedings pending the disposal of the arbitration between PT Goldchild and PTSB is fixed for decision on 13 January 2016.






Announcement Info

Company Name PROTASCO BERHAD
Stock Name PRTASCO
Date Announced 15 Dec 2015
Category General Announcement for PLC
Reference Number GA1-15122015-00005



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