MATERIAL LITIGATION SUNWAY REAL ESTATE INVESTMENT TRUST - LEGAL PROCEEDINGS INSTITUTED BY ROBERT TI AND KORNELIS KURNIADI (“PLAINTIFFS”) AGAINST COMMERCE INTERNATIONAL MERCHANT BANKERS BERHAD, OSK TRUSTEES BERHAD, SUNWAY REAL ESTATE INVESTMENT TRUST, TIMBALAN PENDAFTAR MAHKAMAH TINGGI KUALA LUMPUR AND ABU BAKAR BIN ABDUL RAHMAN (ORIGINATING SUMMON NO: 24NCVC-901-2011 AND COURT OF APPEAL CIVIL APPEAL NO. W-02(NCVC)-2242-2011)
| SUNWAY REAL ESTATE INVESTMENT TRUST |
| Type | Announcement |
| Subject | MATERIAL LITIGATION |
| Description | SUNWAY REAL ESTATE INVESTMENT TRUST - LEGAL PROCEEDINGS INSTITUTED BY ROBERT TI AND KORNELIS KURNIADI (“PLAINTIFFS”) AGAINST COMMERCE INTERNATIONAL MERCHANT BANKERS BERHAD, OSK TRUSTEES BERHAD, SUNWAY REAL ESTATE INVESTMENT TRUST, TIMBALAN PENDAFTAR MAHKAMAH TINGGI KUALA LUMPUR AND ABU BAKAR BIN ABDUL RAHMAN (ORIGINATING SUMMON NO: 24NCVC-901-2011 AND COURT OF APPEAL CIVIL APPEAL NO. W-02(NCVC)-2242-2011) |
We refer to our announcements made on 20 April 2011, 28 April 2011 and 27 July 2011 in relation to the above matter. On 18 April 2012, the Court of Appeal dismissed the appeal filed by the Plaintiffs with costs. In the originating summons which was dismissed by the High Court in Kuala Lumpur on 27 July 2011, the Plaintiffs had sought, amongst others, a declaration that the public auction of Putra Place held on 30 March 2011 was null and void because they were wrongfully excluded from bidding and that OSK Trustees Berhad (as trustee for Sunway Real Estate Investment Trust) had contravened a condition of sale in the Proclamation of Sale. This announcement is dated 19 April 2012. | |
Announcement Info
| Company Name | SUNWAY REAL ESTATE INVESTMENT TRUST |
| Stock Name | SUNREIT |
| Date Announced | 19 Apr 2012 |
| Category | General Announcement |
| Reference No | SR-120419-31825 |