BTECH

0.320

+0.005 (+1.6%)

MATERIAL LITIGATION WRIT OF SUMMONS AND STATEMENT OF CLAIM FILED BY MR. CHAN AH KIEN, FORMER EXECUTIVE DIRECTOR OF BRITE-TECH BERHAD ("BTECH" OR "THE COMPANY") AGAINST THE COMPANY AND BRITE-TECH CORPORATION SDN. BHD., A WHOLLY OWNED SUBSIDIARY OF THE COMPANY (LITIGATION)

BRITE-TECH BERHAD

Type Announcement
Subject MATERIAL LITIGATION
Description
WRIT OF SUMMONS AND STATEMENT OF CLAIM FILED BY MR. CHAN AH KIEN, FORMER EXECUTIVE DIRECTOR OF BRITE-TECH BERHAD ("BTECH" OR "THE COMPANY") AGAINST THE COMPANY AND BRITE-TECH CORPORATION SDN. BHD., A WHOLLY OWNED SUBSIDIARY OF THE COMPANY (LITIGATION)

(For consistency, the abbreviations used in this announcement shall be the same as that used in the announcements dated 19 February 2018, 23 February 2018, 18 January 2019, 3 April 2019,  6 May 2019, 14 October 2019 15 November 2019, 8 January 2020 and 13 February 2020, where applicable, unless stated otherwise or defined herein)

We refer to the Company’s announcements dated 19 February 2018, 23 February 2018, 18 January 2019, 3 April 2019, 6 May 2019, 14 October 2019, 15 November 2019, 8 January 2020 and 13 February 2020 on the subject matter.

The Company wishes to update that its counsel appeared before the Court of Appeal today for the hearing of Mr Chan Ah Kien’s (“the Appellant”) appeal against the High Court’s decision of 14 October 2019.

Upon hearing counsel, the Court of Appeal dismissed the appeal with costs of RM10,000 each to be paid by the Appellant to the Company and Brite-Tech Corporation Sdn. Bhd.

The Appellant has thirty (30) days from 1 October 2020 to file an application for leave to appeal (against the Court of Appeal’s decision) to the Federal Court.

The Company will make the necessary announcements on further developments in the above matter as and when necessary.

This announcement is dated 1 October 2020.






Announcement Info

Company Name BRITE-TECH BERHAD
Stock Name BTECH
Date Announced 01 Oct 2020
Category General Announcement for PLC
Reference Number GA1-01102020-00078