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MATERIAL LITIGATION MUAR BAN LEE GROUP BERHAD ("MBL" OR "THE COMPANY") [COURT OF APPEAL, CIVIL APPEAL NO.: P-02(IM)(NCC)-1545-08/2022 ARISING FROM PENANG HIGH COURT, CIVIL SUIT NO.: PA-22NCC-13-04/2022] DOA HUAT HOLDINGS SDN BHD ("PLAINTIFF" OR "APPELLANT") VS. MBL PLANTATION SDN BHD ("MBLPSB" OR "DEFENDANT" OR "RESPONDENT")

MUAR BAN LEE GROUP BERHAD

Type Announcement
Subject MATERIAL LITIGATION
Description 
MUAR BAN LEE GROUP BERHAD ("MBL" OR "THE COMPANY")
[COURT OF APPEAL, CIVIL APPEAL NO.: P-02(IM)(NCC)-1545-08/2022 ARISING FROM PENANG HIGH COURT, CIVIL SUIT NO.: PA-22NCC-13-04/2022] 
DOA HUAT HOLDINGS SDN BHD ("PLAINTIFF" OR "APPELLANT") VS. MBL PLANTATION SDN BHD ("MBLPSB" OR "DEFENDANT" OR "RESPONDENT")

Further to the announcements made on 18 February 2022, 2 March 2022, 20 May 2022, 29 July 2022, 2 September 2022, 4 October 2022, 22 November 2022 and 9 December 2022, in respect of the Penang High Court Civil Suit No. PA-22NCC-13-04/2022 Doa Huat Holdings Sdn Bhd (“Plaintiff”) vs. MBL Plantation Sdn Bhd (“MBLPSB” or “Defendant”).

 

The Board of Directors of MBL wishes to announce that MBLPSB’s solicitor had updated the Company on the outcome of hearing for the stay application on 6 January 2023. Plaintiff's application for Stay (Enclosure 50) has been dismissed by the Court with costs of RM5,000.00 to be paid by the Plaintiff to MBLPSB.

 

Further announcements on the development of this matter will be made to Bursa Malaysia Securities Berhad from time to time.

 

This announcement is dated 6 January 2023.



Announcement Info

Company Name MUAR BAN LEE GROUP BERHAD
Stock Name MBL
Date Announced 06 Jan 2023
Category General Announcement for PLC
Reference Number GA1-06012023-00042




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