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MATERIAL LITIGATION MATERIAL LITIGATION Muar Ban Lee Group Berhad ("MBL" or "the Company") Penang High Court Originating Summons No. PA-24NCvC-459-05/2022 Jingshi Holdings (M) Sdn Bhd ("Plaintiff") v. Muar Ban Lee Group Berhad ("MBL" or "Defendant")

MUAR BAN LEE GROUP BERHAD

Type Announcement
Subject MATERIAL LITIGATION
Description 
MATERIAL LITIGATION Muar Ban Lee Group Berhad ("MBL" or "the Company") Penang High Court Originating Summons No. PA-24NCvC-459-05/2022 Jingshi Holdings (M) Sdn Bhd ("Plaintiff") v. Muar Ban Lee Group Berhad ("MBL" or "Defendant")

Further to the announcements made on 1 June 2022, 2 June 2022, 8 September 2022 and 7 December 2022, the Company wishes to announce the updates in respect of the Penang High Court (Originating Summons No. PA-24NCvC-459-05/2022) Jingshi Holdings (M) Sdn Bhd (“Plaintiff”) v. MBL (“Defendant”).

 

MBL’s solicitors had updated the Company on the outcome of Hearing held on 6 January 2023, Plaintiff's application pursuant to the Originating Summons (Enclosure 1) has been dismissed by the Court with costs of RM10,000.00 to be paid by the Plaintiff to MBL.

 

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 GA1-06012023-00037




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