BURSA ANNOUCEMENTS

Date : 19 April 2012

MATERIAL LITIGATION SUNWAY REAL ESTATE INVESTMENT TRUST - LEGAL PROCEEDINGS INSTITUTED BY METROPLEX BERHAD (PROVISIONAL LIQUIDATORS APPOINTED) (“PLAINTIFF”) AGAINST COMMERCE INTERNATIONAL MERCHANT BANKERS BERHAD, OSK TRUSTEES BERHAD, SUNWAY REAL ESTATE INVESTMENT TRUST, SUNWAY REIT MANAGEMENT SDN BHD AND AHMAD FAIRUZ BIN MOHD PUZI (AS AN OFFICER OF THE COURT HAVING CONDUCT OF THE AUCTION OF PUTRA PLACE ON 30 MARCH 2011 (ORIGINATING SUMMONS NO: 24NCVC-952-2011 AND COURT OF APPEAL OF CIVIL APPEAL NO. W-02(IM)(NCVC)-2095-2011)

SUNWAY REAL ESTATE INVESTMENT TRUST

TypeAnnouncement
SubjectMATERIAL LITIGATION
DescriptionSUNWAY REAL ESTATE INVESTMENT TRUST
- LEGAL PROCEEDINGS INSTITUTED BY METROPLEX BERHAD (PROVISIONAL LIQUIDATORS APPOINTED) (“PLAINTIFF”) AGAINST COMMERCE INTERNATIONAL MERCHANT BANKERS BERHAD, OSK TRUSTEES BERHAD, SUNWAY REAL ESTATE INVESTMENT TRUST, SUNWAY REIT MANAGEMENT SDN BHD AND AHMAD FAIRUZ BIN MOHD PUZI (AS AN OFFICER OF THE COURT HAVING CONDUCT OF THE AUCTION OF PUTRA PLACE ON 30 MARCH 2011 (ORIGINATING SUMMONS NO: 24NCVC-952-2011 AND COURT OF APPEAL OF CIVIL APPEAL NO. W-02(IM)(NCVC)-2095-2011)
We refer to our announcements made on 27 April 2011, 27 July 2011 and 10 August 2011 in relation to the above matter where the Plaintiff had, amongst others, sought to set aside the sale of Putra Place, claiming that the auction held on 30 March 2011 was not a valid public auction and that OSK Trustees Berhad (as trustee for Sunway Real Estate Investment Trust) was not entitled to bid at the public auction and that the Plaintiff had appealed against the decision of the High Court of Malaya given on 27 July 2011 in striking out the Originating Summons dated 25 April 2011.
On 18 April 2012, the Court of Appeal dismissed the appeal filed by the Plaintiff with costs.

This announcement is dated 19 April 2012.


Announcement Info

Company NameSUNWAY REAL ESTATE INVESTMENT TRUST  
Stock Name SUNREIT    
Date Announced19 Apr 2012  
CategoryGeneral Announcement
Reference NoSR-120419-31826

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