MATERIAL LITIGATION DPS RESOURCES BERHAD ("DPS" or "COMPANY") Shantawood Sdn. Bhd. ("SSB") ("Plaintiff") vs Hong Leong MSIG Takaful Berhad ("MSIG") ("Defendant") High Court of Malaya At Shah Alam Civil No. 22NCVC-1488-12/2012
| DPS RESOURCES BERHAD |
| Type | Announcement |
| Subject | MATERIAL LITIGATION |
| Description | DPS RESOURCES BERHAD ("DPS" or "COMPANY")
Shantawood Sdn. Bhd. ("SSB") ("Plaintiff") vs Hong Leong MSIG Takaful Berhad ("MSIG") ("Defendant")
High Court of Malaya At Shah Alam Civil No. 22NCVC-1488-12/2012 |
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We refer to the announcements made on 29 September 2014, 29 October 2014, 25 June 2015, 26 October 2015, 5 November 2015, 30 November 2015, 22 January 2016, 30 March 2016, 11 May 2016, 26 July 2016, 14 September 2016, 30 November 2016, 2 February 2017, 27 February 2017, 30 May 2017, 21 July 2017 and 28 February 2019 in relation to the Material Litigation ("Announcement"). Unless otherwise defined, the definitions set out in the Announcement shall apply herein.
The Board of Directors of DPS wishes to announce that the parties in the aforesaid suit have come to a settlement whereby the Defendant has agreed to enter the consent judgement and to pay the Company a sum of RM12,500,000.00 as full and final settlememt
This announcement is dated 31 December 2019. |
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Announcement Info
| Company Name | DPS RESOURCES BERHAD |
| Stock Name | DPS |
| Date Announced | 31 Dec 2019 |
| Category | General Announcement for PLC |
| Reference Number | GA1-31122019-00041 |