General announcement
MATERIAL LITIGATION
LEGAL SUIT AGAINST KUASATEK (M) SDN. BHD.
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Reference is made to the Company’s announcement dated 4 August 2021.
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As previously announced on 11 March 2019, a wholly owned subsidiary of the Company, HCM Engineering Sdn Bhd (“HCM”) has filed a legal suit at the Kuala Lumpur High Court against Kuasatek (M) Sdn Bhd (“Kuasatek”) (“Legal Proceeding”).
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The Company wishes to announce that the Full Trial for the Legal Proceeding has been concluded on 11 October 2021. The Court has fixed 17 February 2022 for oral submission/clarification before the Court Judge.
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The outcome of the Legal Proceeding will be announced after the said oral submission/clarification or on a date to be determined and informed by the Court.
Read the full document
GA1-12102021-00075