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JAKS

1.300

+0.02 (+1.6%)

MATERIAL LITIGATION JAKS Resources Berhad ("JRB" or the "Company") Injunction on Bank Guarantee issued to Star Media Group Berhad ("STAR")

JAKS RESOURCES BERHAD

Type Announcement
Subject MATERIAL LITIGATION
Description
JAKS Resources Berhad ("JRB" or the "Company") 

Injunction on Bank Guarantee issued to Star Media Group Berhad ("STAR")

Reference is made to the subject matter and the announcements made by the Company on 30 July 2018, 1 August 2018, 26 September 2018, 7 November 2018, 14 November 2018, 16 November 2018, 19 November 2018, 7 January 2019, 19 June 2019, 24 June 2019 and 3 July 2019. 

 

The Board of Directors of the Company wishes to announce that on 12 July 2019, the solicitors for Jaks Island Circle Sdn Bhd ("JIC") have filed an application for Stay of Execution of the High Court Order dated 19 June 2019. Case Management for the application has been fixed on 18 July 2019.

 

The Company will make further announcement on the development of the above matter as and when necessary.

 

This announcement is dated 16 July 2019.






Announcement Info

Company Name JAKS RESOURCES BERHAD
Stock Name JAKS
Date Announced 16 Jul 2019
Category General Announcement for PLC
Reference Number GA1-16072019-00093




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