As previously announced on 3 September 2015, Protasco Berhad’s subsidiary, Protasco Trading Sdn Bhd (“PTSB”) has filed a legal suit at the Shah Alam High Court against PT Goldchild Integritas Abadi (“PT Goldchild”), an Indonesian company and Ooi Kock Aun for inter-alia a declaration that the Coal Supply Agreement dated 4 February 2013 is void and in breach of the Companies Act, 1965 and for a refund of the Deposit paid.
PT Goldchild had on 5 August 2015 filed an application to cross-examine a deponent for PTSB. On 21 September 2015, PT Goldchild’s application to cross-examine a deponent for PTSB is dismissed.
Ooi Kock Aun’s application to strike out PTSB’s legal suit and PT Goldchild’s application to stay this legal proceedings pending arbitration is fixed for hearing on 28 September 2015.
Trial date of this legal suit which fixed on 29 September 2015 is maintained.