MATERIAL LITIGATION Kuala Lumpur High Court Civil Suit No. 22NCC-438-06/2013 PKNS Holdings Sdn Bhd ("PKNS") v. 1. Nusa Gapurna Development Sdn Bhd ("NGD") 2. Malaysian Resources Corporation Berhad ("MRCB" or "the Company")
MALAYSIAN RESOURCES CORPORATION BERHAD |
Type | Announcement |
Subject | MATERIAL LITIGATION |
Description | Kuala Lumpur High Court Civil Suit No. 22NCC-438-06/2013 PKNS Holdings Sdn Bhd ("PKNS") v. 1. Nusa Gapurna Development Sdn Bhd ("NGD") 2. Malaysian Resources Corporation Berhad ("MRCB" or "the Company") |
Further to the Company's annoucement on 1 August and 15 August 2013 respectively, the High Court has today dismissed PKNS's claim against NGD and MRCB, and allowed NGD's counterclaim against PKNS. The High Court also ordered PKNS to pay costs of RM100,000 and RM50,000 to NGD and MRCB respectively. The High Court further declined to consider an oral application by PKNS for a temporary injunction to prevent the completion of the sale by NGD to MRCB, but instead has directed PKNS to file a formal application. c.c. Securities Commission |
Announcement Info
Company Name | MALAYSIAN RESOURCES CORPORATION BERHAD |
Stock Name | MRCB |
Date Announced | 27 Feb 2014 |
Category | General Announcement |
Reference No | MR-140227-51644 |