Announcements

Date : 19 November 2014

MATERIAL LITIGATION CIVIL APPEAL AGAINST HCM ENGINEERING SDN BHD (“HCM”), A SUBSIDIARY COMPANY, IN CIVIL APPEAL NO. B-02(IM)-1566-09/2014 Menuju Asas Sdn Bhd –v- HCM Engineering Sdn Bhd, AND CIVIL APPEAL NOS. B-02(IM)-1563-09/2014 AND B-02(IM)-1564-09/2014, Menuju Asas Sdn Bhd, Mohd Redzuan Mohanan Abdullah (T/A Menuju Asas Enterprise), Mohd Redzuan Mohanan Abdullah –v- HCM Engineering Sdn Bhd

PROTASCO BERHAD

TypeAnnouncement
SubjectMATERIAL LITIGATION
DescriptionCIVIL APPEAL AGAINST HCM ENGINEERING SDN BHD (“HCM”), A SUBSIDIARY COMPANY, IN CIVIL APPEAL NO. B-02(IM)-1566-09/2014 Menuju Asas Sdn Bhd –v- HCM Engineering Sdn Bhd, AND CIVIL APPEAL NOS. B-02(IM)-1563-09/2014 AND B-02(IM)-1564-09/2014, 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.

Menuju Asas has on 08.09.2014 served HCM 3 notices of appeal appealing against the 3 decisions delivered by the High Court on 12.08.2014. A hearing date for Menuju Asas’s appeals in the Court of Appeal is fixed on 13.01.2015.




 

 

 

 


Announcement Info

Company NamePROTASCO BERHAD  
Stock Name PRTASCO    
Date Announced19 Nov 2014  
CategoryGeneral Announcement
Reference NoCA-141119-E247A

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