General announcement
MATERIAL LITIGATION
BANKRUPTCY PROCEEDINGS AGAINST TEY POR YEE AND OOI KOCK AUN
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Reference is made to the previous announcements on 1 September 2023 and 22 November 2023.
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Further to the Judgment obtained by the Company against Tey Por Yee and Ooi Kock Aun on 30 August 2023 as announced on 1 September 2023 and the dismissal of the motion to stay the execution of the Judgment as announced on 22 November 2023, the Company wishes to announce that it has executed the Judgment by filing:
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1. A Bankruptcy Notice against Tey Por Yee in the Shah Alam High Court, Bankruptcy No.: BA-29NCC-3214-12/2023 on 13 December 2023 demanding the total sum of RM124,370,961.74 from Tey Por Yee; and
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2. A Bankruptcy Notice against Ooi Kock Aun in the Shah Alam High Court, Bankruptcy No.: BA-29NCC-3213-12/2023 on 13 December 2023 demanding the same amount from Ooi Kock Aun.
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The respective sealed Bankruptcy Notices were extracted on 21 December 2023. The Court has fixed 12 March 2024 for case management of the Bankruptcy Notice against Tey Por Yee and 13 March 2024 for case management of the Bankruptcy Notice against Ooi Kock Aun.
Read the full document
GA1-21122023-00047