Mercury Securities
  • Try MST28 trading from Mercury Securities with rates as low as 0.05%.
  • Earn MS Coin when you trade with MST28. Check out MST28.
  • Try MST28 trading from Mercury Securities with rates as low as 0.05%.
  • Get FREE real time quotes on our website & App. Check out MST28.
Open Trading Account
add free Download App
premium Premium Account

Last Price Change Volume
Open: Day Range: Prev Close:


MATERIAL LITIGATION MALAYAN UNITED INDUSTRIES BERHAD ("THE COMPANY") STATUS UPDATE ON LEGAL PROCEEDINGS IN RELATION TO THE EARLY TERMINATION OF TENANCY AGREEMENT BETWEEN MJ DEPARTMENT STORES SDN BHD ("PLAINTIFF") AND UDA HOLDINGS BERHAD ("DEFENDANT")

MALAYAN UNITED INDUSTRIES BERHAD

Type Announcement
Subject MATERIAL LITIGATION
Description
MALAYAN UNITED INDUSTRIES BERHAD ("THE COMPANY")

STATUS UPDATE ON LEGAL PROCEEDINGS IN RELATION TO THE EARLY TERMINATION OF TENANCY AGREEMENT BETWEEN MJ DEPARTMENT STORES SDN BHD ("PLAINTIFF") AND UDA HOLDINGS BERHAD ("DEFENDANT")

Unless otherwise stated, the definitions used in this announcement shall carry the same meanings as defined in the announcements dated 28 February 2019, 6 March 2019, 28 March 2019, 30 May 2019 and 7 February 2020 (“Announcements”).

 

Further to our Announcements, the Company wishes to announce that the Court of Appeal had on 12 April 2022 dismissed the Plaintiff’s Appeal with cost of RM30,000.00.
 
The Court of Appeal adopted the same view as that of the High Court that the termination of tenancy by the Defendant was not wrongful. 

 

The Plaintiff was given 30 days from 12 April 2022 to file an application for leave to appeal to the Federal Court if the Plaintiff wishes to appeal against the Court of Appeal’s decision. In this regard, the Plaintiff is in the midst of seeking legal advice on whether to appeal. 

 

The Company will make the necessary announcements to Bursa Malaysia Securities Berhad on any further material development in relation to the above matter.
 
This announcement is dated 18 April 2022.






Announcement Info

Company Name MALAYAN UNITED INDUSTRIES BERHAD
Stock Name MUIIND
Date Announced 18 Apr 2022
Category General Announcement for PLC
Reference Number GA1-18042022-00043




Close