Reference is made to the Company’s earlier announcement dated 19 December 2019, 2 January 2020 and 7 January 2020 in relation to the Bills of Demand and Application against RMCD.
Puncak wishes to announce to the Exchange that at the case management today, the learned Judge granted an interim stay order to stay the enforcement and effect of the Bills of Demand pending the hearing of the Application. The learned Judge also directed both parties to attend a case management on 5 February 2020 to fix a hearing date for the Application.
Puncak will make the requisite announcement on material developments on the Application in due course.
This announcement is dated 14 January 2020.