KHEESAN

0.270

-0.005 (-1.8%)

MATERIAL LITIGATION KUALA LUMPUR HIGH COURT CIVIL SUIT NO. WA-22NCC-314-07/2020 KHEE SAN BERHAD AND KHEE SAN FOOD INDUSTRIES SDN BHD ("PLAINTIFFS") VS HSBC BANK MALAYSIA BERHAD ("DEFENDANT")

KHEE SAN BERHAD

Type Announcement
Subject MATERIAL LITIGATION
Description
KUALA LUMPUR HIGH COURT CIVIL SUIT NO. WA-22NCC-314-07/2020
KHEE SAN BERHAD AND KHEE SAN FOOD INDUSTRIES SDN BHD ("PLAINTIFFS") VS HSBC BANK MALAYSIA BERHAD ("DEFENDANT")

We refer to the Company's announcements made on 6 July 2020, 8 July 2020, 10 July 2020, 13 July 2020, 15 July 2020, 16 July 2020, 17 July 2020, 24 July 2020, 27 July 2020, 7 August 2020, 12 August 2020, 25 August 2020, 26 August 2020, 28 August 2020, 10 September 2020, 18 September 2020, 21 September 2020, 24 September 2020, 28 September 2020, 30 September 2020, 7 October 2020, 8 October 2020, 13 October 2020, 19 October 2020, 21 October 2020, 22 October 2020, 30 October 2020, 10 November 2020, 11 November 2020, 16 November 2020, 18 November 2020, 20 November 2020, 24 November 2020, 3 December 2020, 8 December 2020, 11 December 2020, 24 December 2020 and 5 January 2021 in respect of Default in Payment to Creditor Banks and with reference to the Company’s announcements made on 16 July 2020, 7 August 2020, 21 September 2020, 7 October 2020, 11 December 2020 and 5 January 2021 in respect of the Writ of Summons and Statement of Claim filed by the Company and its wholly owned subsidiary, Khee San Food Industries Sdn Bhd ("Plaintiffs") against HSBC Bank Malaysia Berhad (“Defendant”)

 

The Company's solicitors, Messrs Krish Maniam & Co. had notified the Company that on 19 January 2021, this matter came up for Case Management via Zoom for Enclosure 1 (Writ of Summon) and Enclosure 12 (Defendant’s Summary Judgment Application) and Enclosure 16 (Defendant’s Striking Out Application) and the Court had directed as follows:

 

  1. Parties to file further Submission on 25 January 2021; and
  2. The Court will give decision for Enclosure 12 and Enclosure 16 on 23 February 2021.

 

The Company will make the necessary announcements to Bursa Malaysia Securities Berhad as and when there are further developments in relation thereof and/or upon receipt of any further directions by the Court.

 

This announcement is dated 19 January 2021.






Announcement Info

Company Name KHEE SAN BERHAD
Stock Name KHEESAN
Date Announced 19 Jan 2021
Category General Announcement for PLC
Reference Number GA1-19012021-00126