On behalf of Measurex Corporation Berhad, we are pleased to set out the followings in reply to your facsimile letter dated 3 August 2000 :-
Steps Measurex will be taking with regard to the writ of summons
1. Measurex has instructed solicitors to contest the action and is currently seeking legal advice in respect of the possible defence(s). Our solicitors, M/s Madhavan Partnership, have been instructed to file a Memorandum of Appearance in this regard.
The Sequence of events leading to the filing of writ of summons
2. Optim-Application (S) Pte Ltd (OAPL)'s claim is for the sum of S$247,679.55, being the balance amount alledgedly due and owing from Measurex Engineering Pte Ltd (MEPL) to OAPL for the supply of Hangsterfer's metalworking lubricant, S500CF between December 1999 and July 2000.
3. OAPL's solicitors sent a letter of demand to MEPL on 18 July 2000 for payment of the said sum S$247,679.55.
Query Letter Contents :
We refer to your announcement dated 2 August 2000 in respect of the aforesaid
In this connection, kindly furnish the Exchange with the following additional
information for public release :-
The steps Measurex will be taking with regard to the writ of summons.
The sequence of events leading to the filing of writ of summons.
Kindly furnish the Exchange with your reply within two (2) market days from the
LATIFAH HJ MOHD YUSOF TAN YEW ENG
Senior Vice President, Listing Operations Senior Manager, Listing Operations
Copy : Securities Commission