Highlights:
add free Download App
premium Premium Account

Last Price Change Volume
KLSE Market Watch
Open: Day Range: Prev Close:


MATERIAL LITIGATION Update of Legal Suits Orix Credit Malaysia Sdn. Bhd. (Orix or the Plaintiff) v. Equator Life Science Bhd (the Company or the Defendant) (now known as Ideal Sun City Holdings Berhad)

IDEAL SUN CITY HOLDINGS BERHAD

Type Announcement
Subject MATERIAL LITIGATION
Description
Update of Legal Suits Orix Credit Malaysia Sdn. Bhd. (Orix or the Plaintiff) v. Equator Life Science Bhd (the Company or the Defendant) (now known as Ideal Sun City Holdings Berhad)

Further to the announcement made on 30 September 2015, the Board of Directors of the Company wishes to announce that the Company has paid the sum of RM1,672,891.16 to the Plaintiff as the sum due to the Plaintiff pursuant to the Judgment dated 30 September 2015 calculated as at 30 October 2015.

There is no appeal by either party against the Judgment dated 30 September 2015, and with the said payment of RM1,672,891.16, the Company made full and final settlement of the sum due under the said Judgment.

This announcement is dated 18 November 2015.






Announcement Info

Company Name IDEAL SUN CITY HOLDINGS BERHAD
Stock Name IDEAL
Date Announced 18 Nov 2015
Category General Announcement for PLC
Reference Number GA1-18112015-00049




Close