NEXGRAM

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MATERIAL LITIGATION NEXGRAM HOLDINGS BERHAD (660055-H) (Nexgram or the Company) Kuala Lumpur High Court Writ Summons No. WA-28NCC-167-02/2020 Winding Up Petition Served on Coconut Three Sdn. Bhd. (Respondent) by Justin Faye & Partners (Petitioner)

NEXGRAM HOLDINGS BERHAD

Type Announcement
Subject MATERIAL LITIGATION
Description
NEXGRAM HOLDINGS BERHAD (660055-H) (Nexgram or the Company) Kuala Lumpur High Court Writ Summons No. WA-28NCC-167-02/2020 Winding Up Petition Served on Coconut Three Sdn. Bhd. (Respondent) by Justin Faye & Partners (Petitioner)

Unless otherwise defined in this announcement, all abbreviations used in this announcement are defined in the announcement dated 13 May 2020.

 

Further to the Company's announcement dated 13 May 2020, the Board of Directors wishes to announce that Case Management for the winding-up petition ("Petition") by Justin Faye & Partners ("Petitioner”) and Summon in Chambers fixed  on 18 May 2020 at the Kuala Lumpur High Court and the hearing for the Petition and the Appointment of Private Liquidator fixed on 23 June 2020 are now to be heard together on 23 June 2020. Meanwhile, the Company is in negotiation with the Petitioner for an out of court settlement.

 

The Company will make the necessary announcement on the development of the litigation accordingly.

 

This announcement is dated 20 May 2020.






Announcement Info

Company Name NEXGRAM HOLDINGS BERHAD
Stock Name NEXGRAM
Date Announced 20 May 2020
Category General Announcement for PLC
Reference Number GA1-13052020-00089