General announcement
MATERIAL LITIGATION Kuala Lumpur High Court Suit No: 22NCC-446-11/2014 Global Capital Limited & Kingdom Seekers Ventures Sdn Bhd vs. 1. Dato' Sri Chong Ket Pen 2. Protasco Berhad 3. UOBM Nominees (Tempatan) Sdn Bhd 4. Tan Heng Kui
Kuala Lumpur High C
Kuala Lumpur High Court Suit No: 22NCC-446-11/2014 Global Capital Limited & Kingdom Seekers Ventures Sdn Bhd vs. 1. Dato' Sri Chong Ket Pen 2. Protasco Berhad 3. UOBM Nominees (Tempatan) Sdn Bhd 4. Tan Heng Kui
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Subject :: MATERIAL LITIGATION
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As previously announced, Protasco Berhad (“the Company”) has on 20 March 2015 filed an application to strike out the legal proceedings initiated by the Plaintiffs wherein the Company is named as the 2nd Defendant (“striking out application”). The hearing for the striking out application proceeded on 25 May 2015 and a decision date for the striking out application is fixed on 3 June 2015.
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As an update, the Company wishes to announce that the Company’s striking out application was allowed with costs of RM10,000.00 to be paid by the Plaintiffs, Global Capital Limited and Kingdom Seekers Ventures Sdn Bhd to the Company.
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GA1-03062015-00020