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MATERIAL LITIGATION AMANAHRAYA REAL ESTATE INVESTMENT TRUST (ARREIT) Kuala Lumpur High Court Civil Suit No: 22NCVC-476-10/2014 Standard Confectionary Sdn Bhd (1st Plaintiff) and High-5 Conglomerate Berhad (formerly known as Silver Bird Group Berhad) (2nd Plaintiff)

AMANAHRAYA REAL ESTATE INVESTMENT TRUST

Type Announcement
Subject MATERIAL LITIGATION
Description
AMANAHRAYA REAL ESTATE INVESTMENT TRUST (ARREIT)

Kuala Lumpur High Court Civil Suit No: 22NCVC-476-10/2014
Standard Confectionary Sdn Bhd (1st Plaintiff) and High-5 Conglomerate Berhad (formerly known as Silver Bird Group Berhad) (2nd Plaintiff)

Unless otherwise defined herein, the definition used in this announcement shall carry the same meaning as defined in the announcement dated 23 October 2014, 31 October 2014, 28 November 2014, 7 January 2015, 8 January 2015, 16 January 2015 , 29 January 2015, 2 March 2015, 9 March 2015, 23 March 2015, 23 June 2015 and 29 June 2015.

AmanahRaya-REIT Managers Sdn. Bhd, the Manager of ARREIT wishes to announce that on 2 July 2015, our solicitors have been served with notice of appeal filed by the Plaintiffs (“Appeal”) in the Court of Appeal.

In its Appeal, the Plaintiff appeal against the following orders:

  1. The security for costs of RM100,000 ordered by the learned judge to be deposited with the Trustee’s Solicitors within 7 days from 15 June 2015, failing which the claim by the Plaintiffs against the Trustee will be struck out;
  2. The decision of the learned judge on 23 June 2015 to strike out the above suits with costs to be paid to the Trustee and the decision to strike out the defence to the Counterclaim filed by High-5.

The Manager will make further announcements as necessary on future developments in this matter.

This announcement is dated 3 July 2015.






Announcement Info

Company Name AMANAHRAYA REAL ESTATE INVESTMENT TRUST
Stock Name ARREIT
Date Announced 03 Jul 2015
Category General Announcement for PLC
Reference Number GA1-03072015-00008




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