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Date : 31 March 2021

MATERIAL LITIGATION Kuala Lumpur High Court Writ of Summons dated 29 March 2021 No. WA-22NCC-144-03-2021 - Tamaco Plantation Sdn. Bhd. (Company No. 45922-D) (referred to as "Plaintiff") vs TH Plantations Berhad ("THP" or "the Company") (referred to as "Defendant")

TH PLANTATIONS BERHAD

Type Announcement
Subject MATERIAL LITIGATION
Description
Kuala Lumpur High Court Writ of Summons dated 29 March 2021 No. WA-22NCC-144-03-2021 - Tamaco Plantation Sdn. Bhd. (Company No. 45922-D) (referred to as "Plaintiff") vs TH Plantations Berhad ("THP" or "the Company") (referred to as "Defendant")

 

We refer to the announcement dated 30 March 2021 in relation to the Writ of Summons against THP and the ex-parte Notice of Application, which application was required to be heard inter parte and heard today.

 

The outcome of the inter-parte hearing of the Notice Application were as follows:

 

i.   The Court granted the Plaintiff an ad interim injunction against THP, which injunction will remain effective until the next hearing fixed on 5 May 2021;

 

ii.   THP is restrained from giving effect to Clause 3.4 of the SPA i.e. that the SPA will automatically terminate if the conditions precedent are not met by the expiry of the Long Stop Date; and

 

iii.   The case management is fixed on 12 April 2021 for directions on the Writ of Summons.

 

The Company will make the necessary announcement as and when there are further developments in relation thereto.

 

 

This announcement is dated 31 March 2021.

 

 






Announcement Info

Company Name TH PLANTATIONS BERHAD
Stock Name THPLANT
Date Announced 31 Mar 2021
Category General Announcement for PLC
Reference Number GA1-31032021-00133


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