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MATERIAL LITIGATION LEGAL PROCEEDINGS BY KONTENA NASIONAL BERHAD AGAINST HOOD BIN OSMAN

MMC CORPORATION BERHAD

Type Announcement
Subject MATERIAL LITIGATION
Description
LEGAL PROCEEDINGS BY KONTENA NASIONAL BERHAD AGAINST HOOD BIN OSMAN

We refer to our announcements on 16 May 2018 and 26 August 2020 (“Announcements”) in relation to the above matter. Unless otherwise stated, the terms used herein shall have the same meaning as defined in the Announcements.

MMC wishes to announce that KNB, an indirect subsidiary of MMC, had on 24 September 2020, been informed by its solicitors that Hood bin Osman had filed an appeal to the Court of Appeal (“Notice of Appeal”) against the whole of the decision of the Shah Alam High Court that was delivered on 25 August 2020.

The Notice of Appeal is not expected to have any material effect on the earnings, net assets and gearing of MMC Group for the financial year ending 31 December 2020.

None of the Directors or major shareholders of MMC or persons connected with them, has any interest, direct or indirect, in the aforesaid Notice of Appeal.

This announcement is dated 25 September 2020.






Announcement Info

Company Name MMC CORPORATION BERHAD
Stock Name MMCCORP
Date Announced 25 Sep 2020
Category General Announcement for PLC
Reference Number GA1-25092020-00053




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