MATERIAL LITIGATION SUNWAY REAL ESTATE INVESTMENT TRUST (“SUNREIT”) - LEGAL PROCEEDINGS INSTITUTED BY ROBERT TI AND KORNELIS KURNIADI (“PLAINTIFFS”) AGAINST COMMERCE INTERNATIONAL MERCHANT BANKERS BERHAD, OSK TRUSTEES BERHAD (NOW KNOWN AS RHB TRUSTEES BERHAD), SUNWAY REAL ESTATE INVESTMENT TRUST, TIMBALAN PENDAFTAR MAHKAMAH TINGGI KUALA LUMPUR AND ABU BAKAR BIN ABDUL RAHMAN (ORIGINATING SUMMON NO: 24NCVC-901-2011, COURT OF APPEAL CIVIL APPEAL NO. W-02(NCVC)-2242-2011) AND FEDERAL COURT CIVIL APPLICATION NO. 08(F)-399-05/2012 (W))
| SUNWAY REAL ESTATE INVESTMENT TRUST |
| Type | Announcement |
| Subject | MATERIAL LITIGATION |
| Description | SUNWAY REAL ESTATE INVESTMENT TRUST (“SUNREIT”) - LEGAL PROCEEDINGS INSTITUTED BY ROBERT TI AND KORNELIS KURNIADI (“PLAINTIFFS”) AGAINST COMMERCE INTERNATIONAL MERCHANT BANKERS BERHAD, OSK TRUSTEES BERHAD (NOW KNOWN AS RHB TRUSTEES BERHAD), SUNWAY REAL ESTATE INVESTMENT TRUST, TIMBALAN PENDAFTAR MAHKAMAH TINGGI KUALA LUMPUR AND ABU BAKAR BIN ABDUL RAHMAN (ORIGINATING SUMMON NO: 24NCVC-901-2011, COURT OF APPEAL CIVIL APPEAL NO. W-02(NCVC)-2242-2011) AND FEDERAL COURT CIVIL APPLICATION NO. 08(F)-399-05/2012 (W)) |
We refer to our announcements dated 20 April 2011, 28 April 2011, 27 July 2011, 19 April 2012 and 18 May 2012 on the above matter. The Plaintiffs have served an unsealed Notice of Motion for leave to appeal to the Federal Court on the solicitors for OSK Trustees Berhad (now known as RHB Trustees Berhad) and Sunway REIT Management Sdn Bhd on 17 May 2012. The Plaintiffs were seeking leave to appeal against the decision of the Court of Appeal given on 18 April 2012 which dismissed the Plaintiffs’ appeal with costs. In the originating summons which was dismissed by the High Court in Kuala Lumpur on 27 July 2011, the Plaintiffs had sought, amongst others, a declaration that the public auction of Putra Place held on 30 March 2011 was null and void because they were wrongfully excluded from bidding and that OSK Trustees Berhad (as trustee for Sunway Real Estate Investment Trust) had contravened a condition of sale in the Proclamation of Sale. On 9 July 2013, the Federal Court has dismissed the application for leave to appeal filed by the Plaintiffs with costs. This announcement is dated 9 July 2013. | |
Announcement Info
| Company Name | SUNWAY REAL ESTATE INVESTMENT TRUST |
| Stock Name | SUNREIT |
| Date Announced | 9 Jul 2013 |
| Category | General Announcement |
| Reference No | SR-130709-DEFF7 |