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MATERIAL LITIGATION ADVANCECON HOLDINGS BERHAD ("ADVANCECON" OR "THE COMPANY") - In the High Court of Malaya at Shah Alam Civil Suit No. BA-22C-50-11/2018 Advancecon Infra Sdn Bhd ("Advancecon Infra" or "the Plaintiff") vs Infra Tech Projects Malaysia Sdn Bhd ("Infra Tech" or "the Defendant")

ADVANCECON HOLDINGS BERHAD

Type Announcement
Subject MATERIAL LITIGATION
Description
ADVANCECON HOLDINGS BERHAD ("ADVANCECON" OR "THE COMPANY")
- In the High Court of Malaya at Shah Alam Civil Suit No. BA-22C-50-11/2018
Advancecon Infra Sdn Bhd ("Advancecon Infra" or "the Plaintiff") vs Infra Tech Projects Malaysia Sdn Bhd ("Infra Tech" or "the Defendant")

We refer to the announcements dated 9 November 2018, 14 December 2018, 16 January 2019, 29 January 2019, 18 February 2019, 28 February 2019, 11 March 2019, 15 March 2019, 17 April 2019, 26 April 2019, 30 April 2019, 28 May 2019, 7 June 2019, 12 June 2019, 26 June 2019 and 22 July 2019 respectively in relation to the award of BS49 Project to Infra Tech Projects Malaysia Sdn Bhd. Unless otherwise stated, the terms used herein stated herein shall have the same meaning as defined in the said announcements.

 

Pursuant to the Case Management held on 2 August 2019, Advancecon Infra and Infra Tech (“the parties”) have reached an amicable settlement for the above matter. The parties are to bear their respective costs.

 

This announcement is dated 6 August 2019.






Announcement Info

Company Name ADVANCECON HOLDINGS BERHAD
Stock Name ADVCON
Date Announced 06 Aug 2019
Category General Announcement for PLC
Reference Number GA1-05082019-00025




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