EURO

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MATERIAL LITIGATION EURO HOLDINGS BERHAD ("EURO" or "the Company") KUALA LUMPUR HIGH COURT CIVIL SUIT NO: WA-22NCVC-127-03/2019 BETWEEN SUPREME CODE LAND SDN BHD ("PLAINTIFF") V EUROLAND & DEVELOPMENT SDN BHD ("DEFENDANT")

EURO HOLDINGS BERHAD

Type Announcement
Subject MATERIAL LITIGATION
Description
EURO HOLDINGS BERHAD ("EURO" or "the Company") 

KUALA LUMPUR HIGH COURT CIVIL SUIT NO: WA-22NCVC-127-03/2019 BETWEEN SUPREME CODE LAND SDN BHD ("PLAINTIFF") V EUROLAND & DEVELOPMENT SDN BHD ("DEFENDANT")

Reference is made to the Company’s announcement dated 29 June 2020.

 

The Board of Directors of Euro wishes to announce that the Kuala Lumpur High Court had, on 10 August 2020, delivered its decision in respect of the claim brought by Supreme Code Land Sdn Bhd. In this regard, the Kuala Lumpur High Court gave the following orders:

 

1. An order for the sum of RM1,200,000 to be paid by Euroland & Development Sdn Bhd to Supreme Code Land Sdn Bhd.

 

2. An order for costs of RM35,000 to be paid by Euroland & Development Sdn Bhd to Supreme Code Land Sdn Bhd.

 

Euroland & Development Sdn Bhd is currently seeking legal advice on the next steps, including but not limited to, the filing of an appeal.

 

This announcement is dated 12 August 2020






Announcement Info

Company Name EURO HOLDINGS BERHAD
Stock Name EURO
Date Announced 12 Aug 2020
Category General Announcement for PLC
Reference Number GA1-12082020-00044