3484

0.000

(%)

MATERIAL LITIGATION WRIT OF SUMMONS AND STATEMENT OF CLAIM BY SOUTHERN FLAME SDN BHD AGAINST METRO PARKING (M) SDN BHD, A WHOLLY-OWNED SUBSIDIARY OF DAMANSARA REALTY BERHAD

DAMANSARA REALTY BHD

Type Announcement
Subject MATERIAL LITIGATION
Description
WRIT OF SUMMONS AND STATEMENT OF CLAIM BY SOUTHERN FLAME SDN BHD AGAINST METRO PARKING (M) SDN BHD, A WHOLLY-OWNED SUBSIDIARY OF DAMANSARA REALTY BERHAD

Further to the announcement made on 2 July 2020 and 23 July 2020, Damansara Realty Berhad ("the Company" or “DBHD”) wishes to announce that the Metro Parking (M) Sdn Bhd (“Metro Parking”) is accepting the Johor Bahru High Court Order dated 22 July 2020 and had paid the full judgment sum of RM1,859,740.34 as at 26 August 2020.

Save for the judgment sum of RM1,859,740.34 and legal costs to be incurred by Metro Parking, this litigation does not have other financial and operational impact to the Group.

 

The announcement is dated 28 August 2020.






Announcement Info

Company Name DAMANSARA REALTY BHD
Stock Name DBHD
Date Announced 28 Aug 2020
Category General Announcement for PLC
Reference Number GA1-28082020-00136