BURSA ANNOUCEMENTS

Date : 20 April 2012

MATERIAL LITIGATION SUNWAY REAL ESTATE INVESTMENT TRUST - LEGAL PROCEEDINGS INSTITUTED BY METROPLEX HOLDINGS SDN BHD AGAINST COMMERCE INTERNATIONAL MERCHANT BANKERS BERHAD, OSK TRUSTEES BERHAD, SUNWAY REAL ESTATE INVESTMENT TRUST, AHMAD FAIRUZ BIN MOHD PUZI (AS AN OFFICER OF THE COURT HAVING CONDUCT OF THE AUCTION OF PUTRA PLACE ON 30 MARCH 2011), DIRECTOR OF LAND AND MINES FEDERAL TERRITORY OF KUALA LUMPUR, DEPUTY COLLECTOR OF STAMP DUTY JALAN DUTA AND SUNWAY REIT MANAGEMENT SDN BHD (ORIGINATING SUMMONS NO: 21NCVC-95-2011 AND COURT OF APPEAL CIVIL APPEAL NO. W-02(IM)(NCVC)-3192-12)

SUNWAY REAL ESTATE INVESTMENT TRUST

TypeAnnouncement
SubjectMATERIAL LITIGATION
DescriptionSUNWAY REAL ESTATE INVESTMENT TRUST
- LEGAL PROCEEDINGS INSTITUTED BY METROPLEX HOLDINGS SDN BHD AGAINST COMMERCE INTERNATIONAL MERCHANT BANKERS BERHAD, OSK TRUSTEES BERHAD, SUNWAY REAL ESTATE INVESTMENT TRUST, AHMAD FAIRUZ BIN MOHD PUZI (AS AN OFFICER OF THE COURT HAVING CONDUCT OF THE AUCTION OF PUTRA PLACE ON 30 MARCH 2011), DIRECTOR OF LAND AND MINES FEDERAL TERRITORY OF KUALA LUMPUR, DEPUTY COLLECTOR OF STAMP DUTY JALAN DUTA AND SUNWAY REIT MANAGEMENT SDN BHD (ORIGINATING SUMMONS NO: 21NCVC-95-2011 AND COURT OF APPEAL CIVIL APPEAL NO. W-02(IM)(NCVC)-3192-12)
We refer to our announcements dated 9 May 2011 and 22 November 2011 on the above matter whereby Metroplex Holdings Sdn Bhd 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 which the High Court in Kuala Lumpur has allowed the applications by OSK Trustees Berhad (as trustee for Sunway Real Estate Investment Trust) and Sunway REIT Management Sdn Bhd to strike out the legal action with costs.
On 20 April 2012, the Court of Appeal dismissed the appeal filed by Metroplex Holdings Sdn Bhd with costs.

This announcement is dated 20 April 2012.


Announcement Info

Company NameSUNWAY REAL ESTATE INVESTMENT TRUST  
Stock Name SUNREIT    
Date Announced20 Apr 2012  
CategoryGeneral Announcement
Reference NoSR-120420-73609

Back