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MATERIAL LITIGATION HLT GLOBAL BERHAD ("HLT" OR THE "COMPANY") - MATERIAL LITIGATION PURSUANT TO RULE 9.04(f) OF THE ACE MARKET LISTING REQUIREMENTS OF BURSA MALAYSIA SECURITIES BERHAD

HLT GLOBAL BERHAD

Type Announcement
Subject MATERIAL LITIGATION
Description
HLT GLOBAL BERHAD ("HLT" OR THE "COMPANY")
 - MATERIAL LITIGATION PURSUANT TO RULE 9.04(f) OF THE ACE MARKET LISTING REQUIREMENTS OF BURSA MALAYSIA SECURITIES BERHAD
(For consistency purposes, the abbreviations and definitions used throughout this announcement shall have the same meanings as those previously defined in the announcement made on 28 August 2020 and 2 September 2020 (“Announcements”) unless stated otherwise.)

Reference is made to the Company’s Announcements dated 28 August 2020 and 2 September 2020 in relation to the WRIT. The Board of Directors of HLT wishes to announce that HLA had on today filed a defence and counterclaim with the High Court of Malaya against the Plaintiff for the amount owing of RM10,080,444.57 and the subsidiary company of the Plaintiff, WRP Specialty Products Sdn. Bhd. for the amount owing of RM6,354,577.14. The amounts owing arising from the supply and commissioning of various latex gloves production lines for the Plaintiff and WRP Specialty Products Sdn. Bhd.

The Company will make the necessary announcements on any material development in respect of the WRIT as and when necessary.

This announcement is dated 6 October 2020.

 






Announcement Info

Company Name HLT GLOBAL BERHAD
Stock Name HLT
Date Announced 06 Oct 2020
Category General Announcement for PLC
Reference Number GA1-06102020-00049




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