SYMLIFE

0.350

-0.005 (-1.4%)

MATERIAL LITIGATION SYMPHONY LIFE BERHAD ("SYMLIFE" OR "THE COMPANY") - Arbitration between TWY Development Sdn. Bhd., a wholly-owned subsidiary of SymLife and Top International Engineering (Malaysia) Sdn. Bhd.

SYMPHONY LIFE BERHAD

Type Announcement
Subject MATERIAL LITIGATION
Description
SYMPHONY LIFE BERHAD ("SYMLIFE" OR "THE COMPANY")
- Arbitration between TWY Development Sdn. Bhd., a wholly-owned subsidiary of SymLife and Top International Engineering (Malaysia) Sdn. Bhd.

Reference is made to the Company's earlier announcements dated 2 October 2018, 18 October 2018, 22 October 2018, 31 October 2018, 8 November 2018, 9 November 2018, 13 November 2018, 16 November 2018, 24 January 2019, 25 January 2019, 21 February 2019, 6 March 2020, 4 May 2020 and the Quarterly Report released on 26 February 2020 in relation to the Arbitration between TWY Development Sdn. Bhd. ("TWY"), a wholly-owned subsidiary of Symphony Life Berhad ("SymLife" or "the Company") and Top International Engineering (Malaysia) Sdn. Bhd. ("TIE").

 

The proposed arbitration between TWY and TIE has been scheduled for hearing in the months of November 2020 and January 2021. 

 

The Board of Directors of SymLife wishes to announce that due to the imposition of the Conditional Movement Control Order ("CMCO") by the Government, the Arbitrator has vacated the hearing dates in November 2020 but maintained the hearing dates in January 2021, and scheduled new hearing dates in the months of February, March, May and June 2021. The Company will announce any further developments on the arbitration proceedings as and when they arise. 

 

This announcement is dated 10 November 2020.






Announcement Info

Company Name SYMPHONY LIFE BERHAD
Stock Name SYMLIFE
Date Announced 10 Nov 2020
Category General Announcement for PLC
Reference Number GA1-09112020-00130