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Date : 24 February 2021

MATERIAL LITIGATION In the Civil Application No. 08(f)-147-07/2020(S) between Inno Integrasi Sdn Bhd ("Applicant") and Kwantas Oil Sdn Bhd ("Respondent"), a wholly-owned subsidiary of Kwantas Corporation Berhad ("the Company"), in the Federal Court of Malaysia

KWANTAS CORPORATION BERHAD

Type Announcement
Subject MATERIAL LITIGATION
Description
In the Civil Application No. 08(f)-147-07/2020(S) between Inno Integrasi Sdn Bhd ("Applicant") and Kwantas Oil Sdn Bhd ("Respondent"), a wholly-owned subsidiary of Kwantas Corporation Berhad ("the Company"), in the Federal Court of Malaysia

Further to our announcement dated 3rd October 2017, 2nd January 2018, 21st February 2019, 3rd April 2019, 21st January 2020, 19th June 2020 and 12th November 2020 in respect of the above litigation, the Board of Directors of the Company wishes to update that the Federal Court unanimously dismissed the Applicant's application for leave to proceed with appeal to the Federal Court. The application is dismissed at a cost of RM20,000.00 awarded to the Respondent.

This announcement is dated 24th February 2021.






Announcement Info

Company Name KWANTAS CORPORATION BERHAD
Stock Name KWANTAS
Date Announced 24 Feb 2021
Category General Announcement for PLC
Reference Number GA1-24022021-00074


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