MATERIAL LITIGATION Announcement pursuant to Paragraph 9.03 of the Main Market Listing Requirements - Court of Appeal Civil Appeal No. W-02(IM)(NCVC)-850-05/2019 (Kuala Lumpur High Court Civil Suit No : WA-22NCvC-773-11/2018) Konsortium Lord-Saberkat Sdn Bhd (Appellant) v Petron Malaysia Refining & Marketing Bhd (Respondent)
| PETRON MALAYSIA REFINING & MARKETING BHD |
| Type | Announcement |
| Subject | MATERIAL LITIGATION |
| Description | Announcement pursuant to Paragraph 9.03 of the Main Market Listing Requirements - Court of Appeal Civil Appeal No. W-02(IM)(NCVC)-850-05/2019 (Kuala Lumpur High Court Civil Suit No : WA-22NCvC-773-11/2018) Konsortium Lord-Saberkat Sdn Bhd (Appellant) v Petron Malaysia Refining & Marketing Bhd (Respondent) |
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Petron Malaysia Refining & Marketing Bhd ("Petron") refers to the announcement to Bursa Malaysia Securities Berhad made on 30 April 2019 in relation to the decision of the High Court in allowing Petron's application to strike-out the claim by Konsortium Lord-Saberkat Sdn Bhd ("Lord Saberkat") against Petron for alleged breach of contract and seeking amongst others, damages of approximately RM109,183,500 ("High Court Decision").
Petron wishes to announce that the Court of Appeal today ruled in favour of Petron by upholding the High Court Decision with costs awarded to Petron.
This announcement is dated 9 January 2020. |
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Announcement Info
| Company Name | PETRON MALAYSIA REFINING & MARKETING BHD |
| Stock Name | PETRONM |
| Date Announced | 09 Jan 2020 |
| Category | General Announcement for PLC |
| Reference Number | GA1-09012020-00042 |