News

Material Litigation

BackJan 04, 2019
Type Announcement
Subject MATERIAL LITIGATION
Description

SHAH ALAM HIGH COURT OF MALAYSIA (COURT) (CIVIL SUIT NO. BA-22NCVC-377-08/2018): FILLING OF WRIT OF SUMMONS AND STATEMENT OF CLAIM BY PERANGSANG HOTEL & PROPERTIES SDN. BHD. (PHP / PLAINTIFF) AGAINST LEO HOSPITALITY SDN. BHD. (LHSB / DEFENDANT) (CIVIL SUIT)

 

Reference is made to Perangsang Selangor’s announcement dated 8 August 2018, 7 September 2018, 3 October 2018 and 12 November 2018 in relation to the Material Litigation against LHSB for the claim arising out of the Lease Agreement which was entered between PHP and LHSB on 27 December 2016.

 

The Board of Directors of Perangsang Selangor wishes to announce the following update on the Material Litigation which came up for hearing today.

 

After hearing oral submissions, the Shah Alam High Court had allowed PHP’s application to enter Judgment in Default of Defence as prayed for in the Statement of Claim together with costs of RM1,000 to be paid to PHP. PHP is in the midst of discussing with its Solicitors on the next course of action for the recovery of the amount due to PHP.

 

Further announcement on the development of the above matter will be made to Bursa Malaysia Securities Berhad in due course.

 

This announcement is dated 4 January 2019.

 

 





Announcement Info

Company Name KUMPULAN PERANGSANG SELANGOR BERHAD
Stock Name KPS
Date Announced 04 Jan 2019
Category General Announcement for PLC
Reference Number GA1-04012019-00067