MATERIAL LITIGATION SUNWAY REAL ESTATE INVESTMENT TRUST - 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) - APPEAL BY METROPLEX HOLDINGS SDN BHD (COURT OF APPEAL W-02[NCVC]-1680-11 and W-02(IM)(NCVC)-1773-2011) - APPLICATION FOR LEAVE TO APPEAL BY METROPLEX HOLDINGS SDN BHD (FEDERAL COURT 08-425-09-2011)
| SUNWAY REAL ESTATE INVESTMENT TRUST |
| Type | Announcement |
| Subject | MATERIAL LITIGATION |
| Description | SUNWAY REAL ESTATE INVESTMENT TRUST - 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) - APPEAL BY METROPLEX HOLDINGS SDN BHD (COURT OF APPEAL W-02[NCVC]-1680-11 and W-02(IM)(NCVC)-1773-2011) - APPLICATION FOR LEAVE TO APPEAL BY METROPLEX HOLDINGS SDN BHD (FEDERAL COURT 08-425-09-2011) |
We refer to our announcements dated 2 June 2011, 28 June 2011, 30 June 2011, 1 July 2011, 27 September 2011, 29 September 2011 and 4 October 2011 on the above matter. Today the Federal Court heard and dismissed the application by Metroplex Holdings Sdn Bhd for leave to appeal to the Federal Court. The dismissal of the application means that this case, primarily for a declaration that OSK Trustees Berhad as trustee for Sunway Real Estate Investment Trust (“Trustee”) is the legal owner of Putra Place and for control and possession of Putra Place to be delivered to Sunway REIT Management Sdn Bhd as manager for Sunway Real Estate Investment Trust (“Manager”) has been fully and finally decided in favour of the Trustee and the Manager. This announcement is dated 20 February 2012. | |
Announcement Info
| Company Name | SUNWAY REAL ESTATE INVESTMENT TRUST |
| Stock Name | SUNREIT |
| Date Announced | 20 Feb 2012 |
| Category | General Announcement |
| Reference No | SR-120220-5F43A |