Further to the Company’s announcement on 19 June 2013, the Board of Directors of MRCB wishes to announce that the Company through its solicitors has today been served with a sealed copy of the Notice of Application for an Injunction dated 19 June 2013 by the solicitors of PKNS Holdings Sdn Bhd (“PKNS”).
In its application, PKNS has sought the order to restrain Nusa Gapurna Development Sdn Bhd and the Company from implementing or performing the Share Sale Agreement dated 8 February 2013 (“SSA”) or from continuing to implement or perform the SSA or from taking any action or steps with a view to implementing or performing the SSA with regards to the Company’s proposed acquisition of 70% equity interest in P.J. Sentral Development Sdn Bhd.
The hearing for the application has been fixed on 24 June 2013.
