MATERIAL LITIGATION JAKS Resources Berhad ("JRB" or the "Company") Injunction on Bank Guarantee issued to Star Media Group Berhad ("STAR")
| JAKS RESOURCES BERHAD |
| Type | Announcement |
| Subject | MATERIAL LITIGATION |
| Description | JAKS Resources Berhad ("JRB" or the "Company")
Injunction on Bank Guarantee issued to Star Media Group Berhad ("STAR") |
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Reference is made to the subject matter and the announcement made by the Company on 6 September 2019.
The Board of Directors of the Company wish to announce that during the Hearing on 6 November 2019, the Court had dismissed the Company's application for stay of execution with costs of RM4,000 for each originating summons subject to 4% allocator fee. The Company will be seeking legal advice on the matter.
The Company will make further announcement on the development of the above matter as and when necessary.
This announcement is dated 6 November 2019.
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Announcement Info
| Company Name | JAKS RESOURCES BERHAD |
| Stock Name | JAKS |
| Date Announced | 06 Nov 2019 |
| Category | General Announcement for PLC |
| Reference Number | GA1-06112019-00073 |