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MATERIAL LITIGATION TURIYA BERHAD ("Company" or "Turiya") Kuala Lumpur High Court Application for Judicial Review No.: WA-25-391-06/2022 Applicant: Empire Holdings Ltd Respondents: (1) Securities Commission of Malaysia; (2) MAA Group Berhad; and (3) Turiya Berhad

TURIYA BERHAD

Type Announcement
Subject MATERIAL LITIGATION
Description
TURIYA BERHAD ("Company" or "Turiya") 
Kuala Lumpur High Court Application for Judicial Review No.: WA-25-391-06/2022 Applicant: Empire Holdings Ltd Respondents: (1) Securities Commission of Malaysia; (2) MAA Group Berhad; and (3) Turiya Berhad

Reference is made to the Company's announcements dated 22 June 2022, 29 June 2022, 7 July 2022, 19 July 2022, 11 August 2022, 7 September 2022, 9 September 2022, 12 September 2022, 14 September 2022, 15 September 2022, 16 September 2022, and 25 November 2022 on the above matter.

 

Unless otherwise defined, the terms used herein shall have the same meaning as defined in the announcements.

 

The Company wishes to announce that the Company had on 10 January 2023 via its solicitors, Messrs. Shook Lin & Bok, attended the decision for:- (i) MAA’s Variation Application at Enclosure 42, (ii) MAA’S Application for Security for Costs at Enclosure 16, (iii) SC’s Application for Security for Costs at Enclosure 33 at the Kuala Lumpur High Court via zoom.

 

The Kuala Lumpur High Court allowed both MAA and SC’s respective applications for Security for Costs but reduced the amount of costs sought for by MAA and SC. 

 

The Kuala Lumpur High Court also allowed prayers 1 to 3 of MAA’s Variation Application at Enclosure 42 but removed all references to the Company’s Forty-Second Annual General Meeting ("42nd AGM") held on 20 September 2022 as the 42nd AGM had already been held and concluded.  Consequently, prayers 4 and 5 of MAA’s Variation Application were not allowed. 

 

The case management for the substantive Hearing of Empire’s Judicial Review Application at Enclosure 13 is fixed for 26 January 2023.

 

The Company will make further announcement on the above matter as and when there is a material development in relation thereof and/or upon receipt of any further directions and/or orders by the Court.

 

This announcement is dated 10 January 2023.






Announcement Info

Company Name TURIYA BERHAD
Stock Name TURIYA
Date Announced 10 Jan 2023
Category General Announcement for PLC
Reference Number GA1-10012023-00074



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