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MATERIAL LITIGATION HLT GLOBAL BERHAD ("HLT" OR "THE COMPANY") - WINDING-UP PETITION SERVED ON CENTRAL MEDICARE SDN BHD ("CM" OR "RESPONDENT") BY HL ADVANCE TECHNOLOGIES (M) SDN BHD ("HL ADVANCE" OR "PETITIONER"), A WHOLLY-OWNED SUBSIDIARY OF HLT, PURSUANT TO SECTION 465 (1) (E) AND 446 (1) (A) OF THE COMPANIES ACT 2016 AND COMPANIES (WINDING-UP) RULES 1972 ("WINDING-UP PETITION") - KUALA LUMPUR HIGH COURT COMPANIES WINDING-UP PETITION NO. WA-28NCC-598-06/2018

HLT GLOBAL BERHAD

Type Announcement
Subject MATERIAL LITIGATION
Description
HLT GLOBAL BERHAD ("HLT" OR "THE COMPANY") 

- WINDING-UP PETITION SERVED ON CENTRAL MEDICARE SDN BHD ("CM" OR "RESPONDENT") BY HL ADVANCE TECHNOLOGIES (M) SDN BHD ("HL ADVANCE" OR "PETITIONER"), A WHOLLY-OWNED SUBSIDIARY OF HLT, PURSUANT TO SECTION 465 (1) (E) AND 446 (1) (A) OF THE COMPANIES ACT 2016 AND COMPANIES (WINDING-UP) RULES 1972 ("WINDING-UP PETITION")

- KUALA LUMPUR HIGH COURT COMPANIES WINDING-UP PETITION NO. WA-28NCC-598-06/2018
We refer to the Company’s announcement dated 26 June 2018 and its subsequent announcement in relation to the Winding-Up Petition. In relation to the foregoing, the Company wishes to announce that CM had on 9 August 2018 settled the amount owing to HL Advance as agreed by both parties. Pursuant thereto, HL Advance had on 14 August 2018 withdrawn the Winding-Up Petition against CM with no order as to costs.

The settlement of the aforesaid litigation will not have any material impact on the financial and operations of the HLT Group.

This announcement is dated 14 August 2018.





Announcement Info

Company Name HLT GLOBAL BERHAD
Stock Name HLT
Date Announced 14 Aug 2018
Category General Announcement for PLC
Reference Number GA1-14082018-00054




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