General announcement
Protasco Berhad ("Protasco" or "Company")
A disclosure that does not fit a specific Bursa form, most often an update on a court case or a corporate development.
Protasco Berhad ("Protasco" or "Company") Contents Shah Alam High Court Suit No. MT1-22-563-2005 - Mohd Redzuan Mohanan (trading as Menuju Asas Enterprise) vs HCM Engineering Sdn. Bhd. ("HCM") Query Letter Contents We refer to your Company's announce
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Reply to Bursa Malaysia's
Query Letter - Reference ID :: ZO-090408-56501
Contents :: Shah Alam High Court Suit No. MT1-22-563-2005 - Mohd Redzuan Mohanan (trading as Menuju Asas Enterprise) vs HCM Engineering Sdn. Bhd. ("HCM")
Query Letter Contents :: We refer to your Company's announcement dated 7 April 2009 in respect of the above matter. In this connection, kindly furnish Bursa Malaysia Securities Berhad ("Bursa Securities") with the following additional information for public release:- The date of presentation of the Plaintiff's suit and the date the suit was served on HCM and the dates of the subsequent events. Whether HCM is a major subsidiary and total cost of investment in HCM. The financial and operational impact of the suit on the group. The expected losses, if any arising from the suit. Please furnish Bursa Securities with your reply via an announcement within one (1) market day from the date hereof. Yours faithfully KHOO KAY KWAN Head, Issuers Listing Division Regulation MZM / ZOOS c.c.Head, Market Surveillance Department Securities Commission (via fax)
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1. | Menuju Asas Enterprise’s solicitors’ letter of demand. | 28.09.2004
2. | HCM’s response asking for particulars of alleged debt as demand raised approximately 5 years after alleged debt. | 10.11.2004
3. | Menuju Asas Enterprise’s solicitors’ letter promising response. | 23.11.2004
4. | Change of Solicitors for Menuju Asas Enterprise and Sealed Writ of Summons and Statement of Claim served without giving particulars as promised. | 15.07.2005
5. | Conditional Appearance filed. | 26.07.2005
6. | Application filed to strike out suit for lack of particulars. | 08.08.2005
7. | Learned Senior Assistant Registrar’s Order dismissing application with costs. | 16.01.2006
8. | Appeal to Judge In Chambers filed. | 19.01.2006
9. | Defence filed. | 16.02.2006
10. | Reply to Defence filed. | 28.02.2006
11. | Menuju Asas Enterprise change solicitors again. | 30.05.2007
12. | Summary Judgment application filed by Menuju Asas Enterprise. | 08.06.2007
13. | Appeal against refusal of the Learned Senior Assistant Registrar to strike out suit dismissed with costs. | 14.07.2007
14. | Summary Judgment allowed with costs against HCM. | 23.03.2009
15. | Notice of Appeal to Court of Appeal filed. | 26.03.2009
16. | Application for a stay of execution filed and advance copy served on Menuju Asas Enterprise. | 27.03.2009
17. | Sealed copy of application for stay extracted and served. Hearing date fixed on 07.04.2009. | 31.03.2009
18. | Sealed copy of Judgment and Order served on HCM’s solicitors. | 03.04.2009
19. | Judgment and Order forwarded to HCM. | 06.04.2009
20. | Hearing of stay of execution adjourned to 22.04.2009 as Menuju Asas Enterprise wishes to file an Affidavit In Reply. Interim Stay granted pending disposal of stay application. | 07.04.2009
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