BURSA ANNOUCEMENTS

Date : 01 July 2011

MATERIAL LITIGATION SUNWAY REAL ESTATE INVESTMENT TRUST ("SUNREIT") - LEGAL PROCEEDINGS INSTITUTED BY OSK TRUSTEES BERHAD (AS TRUSTEE FOR SUNWAY REAL ESTATE INVESTMENT TRUST) AND SUNWAY REIT MANAGEMENT SDN BHD AGAINST METROPLEX HOLDINGS SDN BHD (ORIGINATING SUMMONS NO: 24NCVC-1255-2011 AND COURT OF APPEAL W-02[NCVC]-1680-11)

SUNWAY REAL ESTATE INVESTMENT TRUST

TypeAnnouncement
SubjectMATERIAL LITIGATION
DescriptionSUNWAY REAL ESTATE INVESTMENT TRUST ("SUNREIT")
- LEGAL PROCEEDINGS INSTITUTED BY OSK TRUSTEES BERHAD (AS TRUSTEE FOR SUNWAY REAL ESTATE INVESTMENT TRUST) AND SUNWAY REIT MANAGEMENT SDN BHD AGAINST METROPLEX HOLDINGS SDN BHD (ORIGINATING SUMMONS NO: 24NCVC-1255-2011 AND COURT OF APPEAL W-02[NCVC]-1680-11)
We refer to our announcements on the above matter on 2 June 2011, 28 June 2011 and 30 June 2011.
The High Court had on 28 June 2011 granted, amongst others, an order that Metroplex Holdings Sdn Bhd, its servants or agent or otherwise deliver up, within 72 hours, which had expired at noon on 1 July 2011, possession of each and every part of Putra Place which Metroplex Holdings Sdn Bhd, its servant or agents or otherwise are in possession, occupation or control.

Metroplex Holdings Sdn Bhd’s solicitors have served an unsealed Notice of Motion dated 30 June 2011 and an Affidavit of Mok Pak Hong affirmed on 30 June 2011 filed in support for an order for stay of execution of the High Court order dated 28 June 2011 at the Court of Appeal on the solicitors acting for OSK Trustees Berhad (as trustee for SUNREIT) and Sunway REIT Management Sdn Bhd in the afternoon of 30 June 2011. On 1 July 2011, the Court of Appeal has fixed 1 July 2011 at 4.00 p.m. to hear the Notice of Motion dated 30 June 2011 and the Court of Appeal has granted the order for stay of execution of the High Court order dated 28 June 2011 until the disposal of the appeal.

Our Solicitors will endeavour to expedite the hearing of the appeal at the Court of Appeal.


This announcement is dated 1 July 2011.


Announcement Info

Company NameSUNWAY REAL ESTATE INVESTMENT TRUST  
Stock Name SUNREIT    
Date Announced1 Jul 2011  
CategoryGeneral Announcement
Reference NoSR-110701-97527

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