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MATERIAL LITIGATION COMMENCEMENT OF MATERIAL LITIGATION : UNIC LEISURE TRANSTOUR SDN BHD v PENGANGKUTAN AWAM PUTRAJAYA TRAVEL & TOURS SDN BHD

GETS GLOBAL BERHAD

Type Announcement
Subject MATERIAL LITIGATION
Description
COMMENCEMENT OF MATERIAL LITIGATION : UNIC LEISURE TRANSTOUR SDN BHD v PENGANGKUTAN AWAM PUTRAJAYA TRAVEL & TOURS SDN BHD

The Company wishes to inform that its 79.99% owned subsidiary, Pengangkutan Awam Putrajaya Travel & Tours Sdn Bhd (“PAPTT”), on 18 December 2020, had received a Writ of Summon and Statement of Claim from Unic Leisure Transtour Sdn Bhd (“UTSB”)'s solicitors. The Writ of Summon and Statement of Claim dated 5 December 2020 and 4 December 2020 respectively, claiming for a sum of RM307,500, interest 5% on the outstanding amount calculated from the date filing of the Writ of Summon to settlement date, cost and other relief provided by the court.

The claims are in respect of the alleged outstanding payments for the rental of buses to PAPTT for the period between October and November 2017.

The amount of outstanding liability to UTSB recorded in PAPTT’s book to-date is RM7,500. Should the judgement be granted by the court a further liability will be incurred by PAPTT is RM300,000 plus further interest charges and costs granted by the court.

The financial impact of the litigation, if granted, will be an outflow of cash funds amounting to RM307,500 plus further interest charges and costs granted. There is no operational impact.

PAPTT is not the Group’s major subsidiary.

The case management via e-Review is fixed on 6 January 2021. 

The Company has appointed its Solicitors to defend PAPTT in the suit.

This announcement is dated 21 December 2020.






Announcement Info

Company Name GETS GLOBAL BERHAD
Stock Name GETS
Date Announced 21 Dec 2020
Category General Announcement for PLC
Reference Number GA1-21122020-00045




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