MATERIAL LITIGATION PRESTARIANG BERHAD ("PRESBHD") - UPDATES ON LEGAL PROCEEDINGS BY PRESTARIANG SKIN SDN. BHD. ("PSKIN" OR "PLAINTIFF") AGAINST THE GOVERNMENT OF MALAYSIA ("GOM" OR "DEFENDANT")
| PRESTARIANG BERHAD |
| Type | Announcement |
| Subject | MATERIAL LITIGATION |
| Description | PRESTARIANG BERHAD ("PRESBHD") - UPDATES ON LEGAL PROCEEDINGS BY PRESTARIANG SKIN SDN. BHD. ("PSKIN" OR "PLAINTIFF") AGAINST THE GOVERNMENT OF MALAYSIA ("GOM" OR "DEFENDANT") |
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We refer to our announcements dated 15 April 2019, 16 July 2019 and 31 October 2019.
As announced on 31 October 2019, on 30 October 2019, the High Court Judge had dismissed GOM’s application to convert PSKIN's Originating Summons to a Writ action (“Conversion Application”) and awarded costs to PSKIN.
On 2 December 2019, GOM served on PSKIN a sealed Notice of Appeal dated 21 November 2019 to appeal against the entirety of the High Court Judge’s decision to dismiss the Conversion Application with cost.
The Company will make the necessary announcements on material development in respect of this matter from time to time.
This announcement is dated 4 December 2019. |
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Announcement Info
| Company Name | PRESTARIANG BERHAD |
| Stock Name | PRESBHD |
| Date Announced | 04 Dec 2019 |
| Category | General Announcement for PLC |
| Reference Number | GA1-04122019-00062 |