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THE HIGH COURT OF MALAYA AT KUALA LUMPUR IN WILAYAH PERSEKUTUAN KUALA LUMPUR ORIGINATING SUMMONS AND AFFIDAVIT IN SUPPORT (SUIT NO. WA-24NCC-116-03/2023)

VIZIONE HOLDINGS BERHAD

Type Reply to Query
Reply to Bursa Malaysia's Query Letter - Reference ID IQL-07032023-00001
Subject THE HIGH COURT OF MALAYA AT KUALA LUMPUR IN WILAYAH PERSEKUTUAN KUALA LUMPUR ORIGINATING SUMMONS AND AFFIDAVIT IN SUPPORT (SUIT NO. WA-24NCC-116-03/2023)
Description
VIZIONE HOLDINGS BERHAD (VIZIONE OR THE COMPANY)
THE HIGH COURT OF MALAYA AT KUALA LUMPUR IN WILAYAH PERSEKUTUAN KUALA LUMPUR ORIGINATING SUMMONS AND AFFIDAVIT IN SUPPORT (SUIT NO. WA-24NCC-116-03/2023)
Query Letter Contents

We refer to your Company's announcement dated 6 March 2023, in respect of the aforesaid matter.

 

In this connection, kindly furnish Bursa Malaysia Securities Berhad ("Bursa Securities") with the following additional information for public release:-

 

1) Item 1

 

a) The reason and event that leads to execution of Settlement Agreement dated 17 September 2021 by Vizione Builder Sdn Bhd (“VBSB”) and to provide salient terms of the Settlement Agreement including but not limited to parties that entered the agreement, total settlement sum, arrangement or settlement method, duration etc.

 

b) The principal activity of the Third Defendant and the names of its director(s) and shareholder(s) together with their respective shareholdings.

 

2) Item 2

 

a) The reason and event that leads to VBSB filed an Originating Summons and Affidavit in Support (“Suit”) against First Defendant, Second Defendant and Third Defendant on 3 March 2023.

 

b) To define “Settlement Shares”.

 

c) To state clearly what the outstanding amount of RM1,350,000.00 from Third Defendant is related to.

 

d) To explain whether the transfer of the Settlement Shares arising from the Settlement Agreement falls within the definition of “Transaction” under Chapter 10 of Main Market Listing Requirements of Bursa Securities.

 

e) The purpose of Trust Deed to be executed by First Defendant and Second Defendant in favour of VBSB.

 

3) Item 4

 

Details of the Land (size, tenure, market value/book value etc.) and whether the Land is owned by Third Defendant.

 

4) Others

 

Whether the Suit is expected to have any financial and operational impact to Vizione Group.  

 

Please furnish Bursa Securities with your reply within one (1) market day from the date hereof.

 

Yours faithfully,

Listing

Regulation
 

Cc : Market Surveillance Dept. , Securities Commission

Reference is made to the Company’s announcement dated 6 March 2023 (Announcement) and the letter dated 7 March 2023 from Bursa Securities requesting for additional information pertaining to the Originating Summons and Affidavit in Support.

 

Please refer to the attachment for the details.

 

This announcement is dated 8 March 2023. 



Please refer attachment below.



Announcement Info

Company Name VIZIONE HOLDINGS BERHAD
Stock Name VIZIONE
Date Announced 08 Mar 2023
Category General Announcement for PLC
Reference Number GA1-08032023-00049



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