(1) Top Glove Corporation Bhd and Top Care Sdn Bhd against Adventa Capital Pte Ltd: Kuala Lumpur OS and Singapore OS; and(2) Top Glove Corporation Bhd and Top Care Sdn Bhd against Low Chin Guan, Wong Chin Toh and ACPL Sdn Bhd: Writ Action
| TOP GLOVE CORPORATION BHD |
| Type | Reply to Query |
| Reply to Bursa Malaysia's Query Letter - Reference ID | IQL-09072018-00001 |
| Subject | (1) Top Glove Corporation Bhd and Top Care Sdn Bhd against Adventa Capital Pte Ltd: Kuala Lumpur OS and Singapore OS; and(2) Top Glove Corporation Bhd and Top Care Sdn Bhd against Low Chin Guan, Wong Chin Toh and ACPL Sdn Bhd: Writ Action |
| Description | Top Glove Corporation Bhd ("the Company")
Reply to Bursa Malaysia Securities Berhad's letter dated 9 July 2018 |
| Query Letter Contents | We refer to your Company’s announcement dated 6 July 2018 in respect of the aforesaid matter. In this connection, kindly furnish Bursa Securities with the following additional information for public release:- (a) The details of the default or circumstances leading to the filing of the arbitration at the Singapore International Arbitration Centre (“SIAC Arbitration”), KL OS, Singapore OS and Writ Action. (b) The date(s) of the filing of the SIAC Arbitration. (c) The date(s) of the presentation of the KL OS, Singapore OS and Writ Action respectively, and the date(s) the KL OS, Singapore OS and Writ Action were served on the respondents. (d) To clarify further the injunction on ACPL up to the value of RM72.3 million. (e) The particulars of the claim under the SIAC Arbitration, including the amount claimed for and the interest rate, if applicable. (f) If relevant, particulars of the interest rate(s) relating to the amount claimed under the KL OS, Singapore OS and Writ Action. (g) The hearing date(s) of the SIAC Arbitration and inter-parte hearing of the Mareva Application at the Singapore High Court (if applicable). (h) The effects of the above proceedings on the acquisition of Aspion Sdn Bhd (including the Finessis Incentive). (i) The effects of the above proceedings on the proposed bonus issue on the basis of 1 bonus share for every 1 existing ordinary share held and the proposed issuance of guaranteed exchangeable bonds with an aggregate principal amount of up to USD300 million. Please furnish Bursa Securities with your reply within one (1) market day from the date hereof. Yours faithfully,
TAN YEW ENG /WCY c.c.: Market Surveillance Dept, Securities Commission Malaysia (via fax). |
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We refer to the Company's announcements made on 6 July 2018 and 9 July 2018 and Bursa Malaysia Securities Berhad's query letter dated 9 July 2018 requesting the furnishing of additional information related to the Legal Proceedings. The details of the additional information are set out in the attachment below. This announcement is dated 10 July 2018. |
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Please refer attachment below.
Announcement Info
| Company Name | TOP GLOVE CORPORATION BHD |
| Stock Name | TOPGLOV |
| Date Announced | 10 Jul 2018 |
| Category | General Announcement for PLC |
| Reference Number | GA1-09072018-00078 |