MATERIAL LITIGATION (1)Shah Alam High Court ("Construction Court")Suit No. BA-24C-5-01/2019 between Cabnet Systems (M) Sdn Bhd (Cabnet Systems)(Plaintiff),Dekad Kaliber Sdn Bhd (Dekad Kaliber)(1st Defendant) and Rimarisan Sdn Bhd (Rimarisan)(2nd Defendant)("Construction Court Suit");and (2)Shah Alam High Court ("Civil Division")Suit No. BA-22NCvC-28-01/2019 between Cabnet Systems (Plaintiff), Dekad Kaliber (1st Defendant) and Rimarisan (2nd Defendant)("Civil Court Suit")
| CABNET HOLDINGS BERHAD |
| Type | Announcement |
| Subject | MATERIAL LITIGATION |
| Description | (1)Shah Alam High Court ("Construction Court")Suit No. BA-24C-5-01/2019 between Cabnet Systems (M) Sdn Bhd (Cabnet Systems)(Plaintiff),Dekad Kaliber Sdn Bhd (Dekad Kaliber)(1st Defendant) and Rimarisan Sdn Bhd (Rimarisan)(2nd Defendant)("Construction Court Suit");and
(2)Shah Alam High Court ("Civil Division")Suit No. BA-22NCvC-28-01/2019 between Cabnet Systems (Plaintiff), Dekad Kaliber (1st Defendant) and Rimarisan (2nd Defendant)("Civil Court Suit") |
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We refer to the announcements issued on 25 February 2019, 6 March 2019, 9 April 2019, 18 April 2019, 3 May 2019, 23 May 2019, 3 June 2019, 21 June 2019, 31 July 2019, 20 August 2019, 8 October 2019, 20 December 2019, 21 January 2020, 17 February 2020, 28 February 2020, 3 March 2020, 1 April 2020, 9 April 2020, 19 May 2020, 15 June 2020, 15 July 2020 and 3 September 2020 in relation to the abovesaid Construction Court Suit and Civil Court Suit (“Announcements”). Unless otherwise stated, the terms used herein shall have the same meanings stated in the Announcements.
The Company wishes to announce the following updates based on the decision held on 12 October 2020 for the Civil Court Suit.
Civil Court Suit
On 12 October 2020, the Judge decided that 1st Defendant’s appeal on Striking Out Application has been dismissed with cost of RM10,000.00, the cost shall be borne by Dekad Kaliber.
Any further material developments to the abovementioned Construction Court Suit and the Civil Court Suit will be announced as and when these developments materialise.
This announcement is dated 13 October 2020. |
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Announcement Info
| Company Name | CABNET HOLDINGS BERHAD |
| Stock Name | CABNET |
| Date Announced | 13 Oct 2020 |
| Category | General Announcement for PLC |
| Reference Number | GA1-13102020-00012 |