General announcement
MATERIAL LITIGATION MATERIAL LITIGATION LEGAL SUIT INITIATED BY PROTASCO TRADING SDN BHD AGAINST PT GOLDCHILD INTEGRITAS ABADI AND OOI KOCK AUN
MATERIAL LITIGATION LEGAL SUIT INITIATED BY PROTASCO TRADING SDN BHD AGAINST PT GOLDCHILD INTEGRITAS ABADI
MATERIAL LITIGATION LEGAL SUIT INITIATED BY PROTASCO TRADING SDN BHD AGAINST PT GOLDCHILD INTEGRITAS ABADI AND OOI KOCK AUN
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Subject :: MATERIAL LITIGATION
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As previously announced on 11 May 2015, Protasco Berhad’s subsidiary, Protasco Trading Sdn Bhd (“PTSB”) has filed a legal suit at the Shah Alam High Court against PT Goldchild Integritas Abadi (“PT Goldchild”), an Indonesian company and Ooi Kock Aun for inter-alia a declaration that the Coal Supply Agreement dated 4 February 2013 is void and in breach of the Companies Act, 1965 and for a refund of the Deposit paid.
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Trial dates of this legal suit is fixed on 28 September 2015 and 29 September 2015.
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Ooi Kock Aun had on 5 March 2015 filed an application to strike out PTSB’s legal suit. A hearing date for this application is fixed on 23 June 2015.
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PT Goldchild had on 8 May 2015 filed an application to stay this legal proceedings pending arbitration. A case management date is fixed on 21 May 2015 for this application.
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GA1-20052015-00015