GUH

0.365

-0.005 (-1.4%)

MATERIAL LITIGATION GUH HOLDINGS BERHAD Update on legal proceedings between Nine Hundred Builders Sdn. Bhd. and Teknoserv Engineering Sdn. Bhd. (a wholly-owned subsidiary of the Company)

GUH HOLDINGS BERHAD

Type Announcement
Subject MATERIAL LITIGATION
Description
GUH HOLDINGS BERHAD Update on legal proceedings between Nine Hundred Builders Sdn. Bhd. and Teknoserv Engineering Sdn. Bhd. (a wholly-owned subsidiary of the Company)

Further to the announcements made on 13 November, 4 December, 24 December 2019, 20 March, 20 April, 27 May, 4 June, 16 June, 29 June and 14 July 2020, the Company wishes to announce the following in relation to the High Court proceedings between Teknoserv Engineering Sdn. Bhd. (“Teknoserv”), a wholly-owned subsidiary of the Company, against Nine Hundred Builders Sdn. Bhd. (“NHB”) in relation to the Adjudication Decision dated 19 March 2020 (“Adjudication Decision”).

 

The Court has, on 21 July 2020, issued directions on the filing of affidavits and submissions relating to NHB’s application for a stay of proceedings pending arbitration. A further case management date has been fixed on 10 September 2020.

 

Teknoserv will comply with the Court's directions and the Company will make further announcements on any material development in relation to this matter from time to time.

 

This announcement is dated 22 July 2020.






Announcement Info

Company Name GUH HOLDINGS BERHAD
Stock Name GUH
Date Announced 22 Jul 2020
Category General Announcement for PLC
Reference Number GA1-21072020-00127