METROD

1.300

(%)

MATERIAL LITIGATION WINDING-UP PETITION BY SQA BUILDERS SDN. BHD. ("SQA")

METROD HOLDINGS BERHAD

Type Announcement
Subject MATERIAL LITIGATION
Description
WINDING-UP PETITION BY SQA BUILDERS SDN. BHD. ("SQA")

We refer to our announcements dated 26 August 2019, 30 August 2019, 17 October 2019, 25 November 2019 and 10 December 2019 ("Previous Announcements"). The terms herein shall bear the same meaning as defined in the Previous Announcements, unless otherwise specified.

 

Further to the Previous Announcements, the Company wishes to announce that the learned Judge has agreed with our position and had on 20 January 2020 decided in the Company's favour. The Judge accordingly struck out the petition filed by SQA and made a declaration that the Statutory Notice dated 7 June 2019 issued by SQA pursuant to Section 465(1)(e) and 466(1)(a)) of the Companies Act 2016 to be an abuse of process. The Judge also awarded costs to be paid by SQA to Metrod.

 

The announcement is dated 21 January 2020.






Announcement Info

Company Name METROD HOLDINGS BERHAD
Stock Name METROD
Date Announced 21 Jan 2020
Category General Announcement for PLC
Reference Number GA1-20012020-00110