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CHANGES IN MATERIAL LITIGATION OF SUCESS TRANSFORMER CORPORATION BERHAD

SUCCESS TRANSFORMER CORPORATION BERHAD

Type

Announcement
SubjectCHANGES IN MATERIAL LITIGATION OF SUCESS TRANSFORMER CORPORATION BERHAD

Contents :

Further to our announcement dated 27 January 2005, the Board of Directors of STC wishes to make the following update on the suit filed by Lewden Electric (M) Sdn Bhd ("Lewden") (Receivers and Managers appointed) against Cheong Kok Kien, Cheong Kok Meng, Cheong Kok Lam and Chen Khai Voon ("CKV") vide Kuala Lumpur High Court Suit No. D8-22-166-2004 and the counterclaim filed by CKV against Lewden and Success Transformer Manufacturer Sdn Bhd., a wholly owned subsidiary of STC.

On 22 March 2005 CKV's solicitors have discontinued his counterclaim against us with no order as to costs and we have accordingly withdrawn our appeal to strike out CKV's counterclaim with no order as to costs. As such, as from the said date we are no longer involve in the aforesaid suit.



Announcement Info

Company NameSUCCESS TRANSFORMER CORPORATION BERHAD  
Stock Name SUCCESS    
Date Announced24 Mar 2005  
CategoryGeneral Announcement
Reference NoKK-050324-67376



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