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.