MATERIAL LITIGATION STRIKING OUT APPLICATION FOR BOTH SUITS AGAINST HCM ENGINEERING SDN BHD (“HCM”), A SUBSIDIARY COMPANY, IN SUIT NO. 22-1558-2010 Menuju Asas Sdn Bhd -v- HCM Engineering Sdn Bhd AND SUIT NO. 22-1559-2010 Menuju Asas Sdn Bhd, Mohd Redzuan Mohanan Abdullah (T/A Menuju Asas Enterprise), Mohd Redzuan Mohanan Abdullah -v- HCM Engineering Sdn Bhd
| PROTASCO BERHAD |
| Type | Announcement |
| Subject | MATERIAL LITIGATION |
| Description | STRIKING OUT APPLICATION FOR BOTH SUITS AGAINST HCM ENGINEERING SDN BHD (“HCM”), A SUBSIDIARY COMPANY, IN SUIT NO. 22-1558-2010 Menuju Asas Sdn Bhd -v- HCM Engineering Sdn Bhd AND SUIT NO. 22-1559-2010 Menuju Asas Sdn Bhd, Mohd Redzuan Mohanan Abdullah (T/A Menuju Asas Enterprise), Mohd Redzuan Mohanan Abdullah -v- HCM Engineering Sdn Bhd |
As previously announced, the legal suits filed by Menuju Asas Sdn Bhd (“Menuju Asas”) for the sum of RM507,661.78 in Shah Alam High Court Suit No: 22-1558-2010 and the sum of RM9,960,492.17 in Shah Alam High Court Suit No: 22-1559-2010 respectively against HCM Engineering Sdn Bhd (“HCM”) were struck out with costs of RM6,000.00 (in total for both suits) by the High Court on 12.08.2014. Menuju Asas’s Amendment Application was also dismissed with costs of RM3,000.00 to be paid by Menuju Asas to HCM. HCM had today received three (3) notices of appeal from Menuju Asas appealing against the three (3) decisions delivered by the High Court on 12.08.2014. | |
Announcement Info
| Company Name | PROTASCO BERHAD |
| Stock Name | PRTASCO |
| Date Announced | 10 Sept 2014 |
| Category | General Announcement |
| Reference No | CA-140910-60950 |