INTERIM INJUNCTION BY INFORMATICS INTERNATIONAL LIMITED AGAINST SCICOM (MSC) BERHAD, SCICOM LANKA (PVT) LTD AND 6 EMPLOYEES OF SCICOM LANKA (PVT) LTD ("INTERIM INJUNCTION")
| SCICOM (MSC) BERHAD |
| Type | Reply to Query |
| Reply to Bursa Malaysia's Query Letter - Reference ID | IQL-15092020-00001 |
| Subject | INTERIM INJUNCTION BY INFORMATICS INTERNATIONAL LIMITED AGAINST SCICOM (MSC) BERHAD, SCICOM LANKA (PVT) LTD AND 6 EMPLOYEES OF SCICOM LANKA (PVT) LTD ("INTERIM INJUNCTION") |
| Description | Interim Injunction by Informatics International Limited Against Scicom (MSC) Berhad, Scicom Lanka (Pvt) Ltd and Six (6) Employees of Scicom Lanka (Pvt) Ltd |
| Query Letter Contents | We refer to your Company’s announcement dated 11 September 2020, in respect of the aforesaid matter. 1) The details of events leading to the Interim Injunction. Please furnish Bursa Securities with your reply within one (1) market day from the date hereof.
Yours faithfully, Cc : Market Surveillance Dept. , Securities Commission (via fax) |
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Reference is made to the Company's announcements on 2 December 2019 and 11 September 2020 pertaining to the Interim Injunction. The Board of Directors wishes to provide the following additional information as required by Bursa Securities:-
1. On 29 November 2019, an application for an Interim Injunction (the “Application”) was served upon Scicom (MSC) Berhad ("the Company") and its wholly-owned subsidiary namely Scicom Lanka (Pvt) Ltd (“SLPL”) along with six (6) employees of SLPL. The Application was filed by Informatics International Limited (“IIL”), a company incorporated in Sri Lanka. IIL is seeking to restrain its ex-employees currently employed by SLPL, as well as restrain the Company and SLPL from engaging in the provision of certain consultancy and solution services. There is no monetary claim sought in this action.
The Company has sought and obtained legal advice that the Application filed by IIL is frivolous and without merit. The Company had appointed Counsel in Sri Lanka to represent the Company's interests and that of the employees. The Application has no material financial or operational implications to the Company or SLPL. The 6 employees have been directed to desist from any overt and proactive marketing or promotional activities on the basis of taking a cautious position to avoid unnecessary interventions from IIL until this matter is resolved.
2. SLPL is not a major subsidiary of the Company.
This announcement is dated 18 September 2020. |
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Announcement Info
| Company Name | SCICOM (MSC) BERHAD |
| Stock Name | SCICOM |
| Date Announced | 18 Sep 2020 |
| Category | General Announcement for PLC |
| Reference Number | GA1-15092020-00056 |