HARTA

3.210

-0.08 (-2.4%)

MATERIAL LITIGATION WRIT OF SUMMONS AND STATEMENT OF CLAIM FILED BY HARTALEGA HOLDINGS BERHAD ("THE COMPANY" OR "HARTALEGA") AGAINST DR DANARAJ A/L NADARAJAH, A FORMER EXECUTIVE DIRECTOR OF THE COMPANY ("LITIGATION").

HARTALEGA HOLDINGS BERHAD

Type Announcement
Subject MATERIAL LITIGATION
Description
WRIT OF SUMMONS AND STATEMENT OF CLAIM FILED BY HARTALEGA HOLDINGS BERHAD ("THE COMPANY" OR "HARTALEGA") AGAINST DR DANARAJ A/L NADARAJAH, A FORMER EXECUTIVE DIRECTOR OF THE COMPANY ("LITIGATION").

Pursuant to Paragraph 9.04(f) of the Main Market Listing Requirements of Bursa Malaysia Securities Berhad, the Company wishes to announce the commencement of litigation and the filing of a Writ of Summons and Statement of Claim (High Court, Shah Alam), Writ of Summons No : BA-22NCC-189-12/2020 issued against Danaraj A/L Nadarajah (“Danaraj”), a former Executive Director of the Company, through its solicitors Messrs K. Sugu & Associates.

 

The Company and its subsidiaries namely, Hartalega Sdn Bhd and Mun Health Product (India) Pvt Ltd (hereinafter collectively referred to as the “Plaintiffs”) had on 30th December 2020 filed a Writ of Summons and Statement of Claim seeking inter alia a declaration for breach of fiduciary duty, breach of duty of fidelity, breach of contract as well as a claim for damages against Danaraj.

 

The Plaintiffs recently discovered that Danaraj had taken steps to set up a competing business against the Plaintiffs utilizing the resources of Mun Health Product (India) Pvt Ltd while Danaraj was still the Executive Director of the Company, an employee of Hartalega Sdn Bhd and a director of Mun Health Product (India) Pvt Ltd.

 

The outcome of the Writ of Summons is not expected to have a material impact on the Company’s finance and operations.

 

Further announcement on the material development of the above matter will be made to Bursa Malaysia Securities Berhad from time to time.

 

This announcement is dated 6th January 2021. 






Announcement Info

Company Name HARTALEGA HOLDINGS BERHAD
Stock Name HARTA
Date Announced 06 Jan 2021
Category General Announcement for PLC
Reference Number GA1-05012021-00088