PETRONM

4.640

-0.09 (-1.9%)

MATERIAL LITIGATION Announcement pursuant to Paragraph 9.03 of the Main Market Listing Requirements - Federal Court Civil Application No:08(i)-27-02/2020(W) (Court of Appeal Civil Appeal No. W-02(IM)(NCVC)-850-05/2019) (Kuala Lumpur High Court Civil Suit No. WA-22NCVC-773-11/2018) Konsortium Lord Saberkat Sdn Bhd (Appellant) v Petron Malaysia Refining & Marketing Bhd (Respondent)

PETRON MALAYSIA REFINING & MARKETING BHD

Type Announcement
Subject MATERIAL LITIGATION
Description
Announcement pursuant to Paragraph 9.03 of the Main Market Listing Requirements - Federal Court Civil Application No:08(i)-27-02/2020(W) (Court of Appeal Civil Appeal No. W-02(IM)(NCVC)-850-05/2019) (Kuala Lumpur High Court Civil Suit No. WA-22NCVC-773-11/2018) Konsortium Lord Saberkat Sdn Bhd (Appellant) v Petron Malaysia Refining & Marketing Bhd (Respondent)

Petron Malaysia Refining & Marketing Bhd ("Petron") refers to the announcement to Bursa Malaysia Securities Berhad made on 10 February 2020 in relation to the Notice of Motion for leave to appeal to the Federal Court filed by Konsortium Lord-Saberkat Sdn Bhd ("Lord Saberkat") against the decision of the Court of Appeal which ruled in favour of Petron (by upholding the High Court's decision) in allowing Petron's application to strike out the claim by Lord Saberkat.

 

Petron has been informed by its solicitors that at the hearing today at the Federal Court in Putrajaya, Lord Saberkat's application for leave to appeal to the Federal Court was dismissed with costs of RM20,000 awarded to Petron.

 

This announcement is dated 7 October 2020






Announcement Info

Company Name PETRON MALAYSIA REFINING & MARKETING BHD
Stock Name PETRONM
Date Announced 07 Oct 2020
Category General Announcement for PLC
Reference Number GA1-07102020-00057