MTDACPI

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MATERIAL LITIGATION MTD ACPI ENGINEERING BERHAD ("MTD ACPI" or the "Company") IN THE MATTER OF SESSIONS COURT SHAH ALAM WRIT NO. BA-B52NCC-214-10/2020 BETWEEN LIFTECH ENGINEERING (KL) SDN BHD ("LEKL" OR "PLAINTIFF") AND ASSOCIATED CONCRETE PRODUCTS (MALAYSIA) SDN BHD ("ACPM" OR "DEFENDANT")

MTD ACPI ENGINEERING BERHAD

Type Announcement
Subject MATERIAL LITIGATION
Description
MTD ACPI ENGINEERING BERHAD ("MTD ACPI" or the "Company") 
IN THE MATTER OF SESSIONS COURT SHAH ALAM WRIT NO. BA-B52NCC-214-10/2020 BETWEEN LIFTECH ENGINEERING (KL) SDN BHD ("LEKL" OR "PLAINTIFF") AND ASSOCIATED CONCRETE PRODUCTS (MALAYSIA) SDN BHD ("ACPM" OR "DEFENDANT")

We refer to the announcement dated 21 October 2020 made by MTD ACPI in respect of the above matter.

 

For consistency, the abbreviations used hereinafter throughout this announcement shall have the same meaning as defined in the preceding announcement unless stated otherwise.

 

MTD ACPI wishes to announce that the above matter came up for Case Management on 1 December 2020 and its wholly-owned subsidiary, ACPM, has been informed by its solicitors that the solicitors for LEKL, Messrs. Kelvin Wong, Phang & Associates has served a sealed Notice of Discontinuance dated 30 November 2020 to discontinue the action against ACPM in the Shah Alam Sessions Court with the liberty to file afresh and no order as to costs.

 

In view of the foregoing, there is no material financial impact on the Company.

 

This announcement is dated 2 December 2020.






Announcement Info

Company Name MTD ACPI ENGINEERING BERHAD
Stock Name MTDACPI
Date Announced 02 Dec 2020
Category General Announcement for PLC
Reference Number GA1-03112020-00051