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Bursa Announcements

Date : 20 August 2015

MATERIAL LITIGATION TH PELITA SADONG SDN BHD & TH PELITA GEDONG SDN BHD (PLAINTIFFS) VS FIRST COMPOSITE SDN BHD & 15 OTHERS (DEFENDANTS)

TH PLANTATIONS BERHAD

Type Announcement
Subject MATERIAL LITIGATION
Description
TH PELITA SADONG SDN BHD & TH PELITA GEDONG SDN BHD (PLAINTIFFS) VS FIRST COMPOSITE SDN BHD & 15 OTHERS (DEFENDANTS)

The Board of TH Plantations Berhad ("THP") wishes to inform that, at the Pre Trial Case Management held on 25 May 2015, the Kuching High Court had fixed the date of the full trial of the case between 17 August 2015 to 19 August 2015.

On 17 August 2015, the Kuching High Court had granted a Consent Order to THP's subsidiaries, namely, TH PELITA Sadong Sdn Bhd and TH PELITA Gedong Sdn Bhd respectively, as follows:

1. The Plaintiffs are entitled to enter all their lands comprising:

    - Provisional Lease Lot 2 Block 6 Melikin Land District;

    - Provisional Lease Lot 166 Block 5 Melikin Land District; and

    - Lease of State Land Lot 12 Block 3 Melikin Land District (formerly known as Provisional Lease Lot 2979 Melikin Land District),

to rehabilitate the cultivations therein, keep clear and harvest oil palm fresh fruit bunches therefrom and keep all proceeds thereof, without any interference, hindrance or obstruction from the Defendants and any persons they claim to represent in the suit.

2. The Defendants undertake that the abovementioned permitted activities by the Plaintiffs shall subsist until the disposal of the Federal Court Appeal No. 01-[f]-26-12/2014, or unless substituted by any subsequent Consent Order that may be reached in the event ongoing negotiations for an amicable settlement is obtained.

With the Consent Order, all matters pertaining to the suit have been fully settled.

This announcement is dated 20 August 2015.






Announcement Info

Company Name TH PLANTATIONS BERHAD
Stock Name THPLANT
Date Announced 20 Aug 2015
Category General Announcement for PLC
Reference Number GA1-20082015-00016


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