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MATERIAL LITIGATION 1) A NOTICE OF INTENTION RECEIVED FROM HONSIN APPAREL SDN BHD AND HIQ MEDIA (MALAYSIA) SDN BHD DATED 18 APRIL 2023 TO MOVE RESOLUTIONS REQUIRING SPECIAL NOTICE PURSUANT TO SECTIONS 206(3) AND 322 OF THE COMPANIES ACT 2016 (NOTICE OF INTENTION) 2) REQUEST FOR RECORD OF DEPOSITORS DATED 26 APRIL 2023 AND 17 MAY 2023 3) ORIGINATING SUMMONS NO: WA-24NCC-269-05/2023

SOUTH MALAYSIA INDUSTRIES BERHAD

Type Announcement
Subject MATERIAL LITIGATION
Description
1) A NOTICE OF INTENTION RECEIVED FROM HONSIN APPAREL SDN BHD AND HIQ MEDIA (MALAYSIA) SDN BHD DATED 18 APRIL 2023 TO MOVE RESOLUTIONS REQUIRING SPECIAL NOTICE PURSUANT TO SECTIONS 206(3) AND 322 OF THE COMPANIES ACT 2016 (NOTICE OF INTENTION) 
2) REQUEST FOR RECORD OF DEPOSITORS DATED 26 APRIL 2023 AND 17 MAY 2023
3) ORIGINATING SUMMONS NO: WA-24NCC-269-05/2023

 

The Company refers to its announcements dated 19 April 2023 and 3 May 2023 respectively and the Kuala Lumpur Originating Summons No.: WA-24NCC-269-05/2023 which was received on 16 May 2023 (“the OS”).

The Company also refers to the OS which has been fixed for case management on 18 May 2023.

During the case management, Counsel for the Company, Messrs Gideon Tan Razali Zaini also informed the Court that the 3rd to 7th defendants named in the proceeding which are the Directors of the Company, should not be named as a party and as such the 3rd to 7th defendants reserve their rights and will apply to strike out the claim against them. Upon hearing the parties, the Court gave the following directions:-

  1. Defendants to file affidavit in reply to Plaintiffs’ Originating Summons by 30 May 2023;

 

  1. Parties to file any interlocutory applications by 30 May 2023;

 

  1. Parties to file and exchange written submissions for the Plaintiffs’ Originating Summons by 20 June 2023; and

 

  1. Hearing for the Plaintiffs’ Originating Summons is fixed on 17 August 2023.

 

This announcement is dated 19 May 2023.






Announcement Info

Company Name SOUTH MALAYSIA INDUSTRIES BERHAD
Stock Name SMI
Date Announced 19 May 2023
Category General Announcement for PLC
Reference Number GA1-18052023-00085



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