MATERIAL LITIGATION KINGDOM SEEKERS VENTURES SDN BHD v PROTASCO BERHAD [Court of Appeal Civil Appeal No.: W-02(IM)(NCC)-733-05/2015]

## fields Subject :: MATERIAL LITIGATION ## para As previously announced on 12 June 2015, the legal proceedings filed by Kingdom Seekers Ventures Sdn Bhd wherein Protasco Berhad (“Company”) is named as the 7th Defendant was struck out with costs of RM15,000.00 to be paid by Kingdom Seekers Ventures Sdn Bhd to the Company on 21 April 2015. ## para Kingdom Seekers Ventures Sdn Bhd had served the Company a notice of appeal dated 27 April 2015 appealing against the decision delivered by the High Court on 21 April 2015 (“Appeal”). The Appeal was fixed for hearing in the Court of Appeal on 21 October 2015. ## para The Company wishes to announce that the Appeal filed by Kingdom Seekers Ventures Sdn Bhd was dismissed by the Court of Appeal with costs of RM15,000.00 to be paid by Kingdom Seekers Ventures Sdn Bhd to the Company on 21 October 2015.