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 AND OOI KOCK AUN
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Subject :: MATERIAL LITIGATION
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As previously announced on 21 September 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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Ooi Kock Aun’s application to strike out PTSB’s legal suit and PT Goldchild’s application to stay this legal proceedings pending arbitration is fixed for decision on 19 October 2015.
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Trial date of this legal suit which fixed on 29 September 2015 is vacated.
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GA1-29092015-00001