DELEUM

1.330

-0.04 (-2.9%)

MATERIAL LITIGATION Deleum Berhad ("Deleum") - Forensic investigation at Deleum Primera Sdn Bhd, a 60% owned indirect subsidiary of Deleum

DELEUM BERHAD

Type Announcement
Subject MATERIAL LITIGATION
Description
Deleum Berhad ("Deleum") - Forensic investigation at Deleum Primera Sdn Bhd, a 60% owned indirect subsidiary of Deleum

Further to the announcement made on 15 December 2020, the Board of Directors of the Company wishes to provide further information in respect of the Statement of Claim filed by the Company’s 60% owned indirect subsidiary, Deleum Primera Sdn Bhd (“Deleum Primera”), on 5 November 2020.

 

The sum set out in the Statement of Claim filed on 5 November 2020 by Deleum Primera against various Defendants on a joint and several liability basis amounts to RM19,876,389.87. This amount claimed is based on the forensic investigation by PwC Consulting Associates (M) Sdn Bhd (“PwC”) and is presently subject to the Court’s determination. PwC’s forensic investigation and the execution of the ad interim (holding over) Forthwith Delivery Up Order are ongoing. Further, there is an ad interim (holding over) Mareva (Freezing) Injunction against the relevant Defendants.

 

Further announcement on the development of this matter will be made to Bursa Malaysia from time to time.

 

This announcement is dated 17 December 2020.






Announcement Info

Company Name DELEUM BERHAD
Stock Name DELEUM
Date Announced 17 Dec 2020
Category General Announcement for PLC
Reference Number GA1-17122020-00055