AME

1.750

-0.01 (-0.6%)

MATERIAL LITIGATION WRIT OF SUMMONS AND STATEMENT OF CLAIM BY AME CONSTRUCTION SDN BHD (PLAINTIFF), A WHOLLY-OWNED SUBSIDIARY OF AMSUN INDUSTRIES SDN BHD WHICH IN TURN IS A WHOLLY-OWNED SUBSIDIARY OF AME ELITE CONSORTIUM BERHAD AGAINST AREA VENTURES SDN BHD (DEFENDANT)

AME ELITE CONSORTIUM BERHAD

Type Announcement
Subject MATERIAL LITIGATION
Description
WRIT OF SUMMONS AND STATEMENT OF CLAIM BY AME CONSTRUCTION SDN BHD (PLAINTIFF), A WHOLLY-OWNED SUBSIDIARY OF AMSUN INDUSTRIES SDN BHD WHICH IN TURN IS A WHOLLY-OWNED SUBSIDIARY OF AME ELITE CONSORTIUM BERHAD AGAINST AREA VENTURES SDN BHD (DEFENDANT)

Unless otherwise defined, all definitions and terms used in this announcement shall have the same meaning as defined in the announcements dated 6 November 2020 and 8 February 2021, in relation to the above Civil Suit.

The Board of AME wishes to announce that the High Court of Malaya at Shah Alam had on 17 February 2021 allowed the Defendant’s Application for a Stay of Proceedings Pending Arbitration, for parties to refer disputes to arbitration. The Plaintiff will file an appeal against the said decision within one (1) month from 17 February 2021.

Further announcement would be made should there be any material development on this matter.

This announcement is dated 17 February 2021.






Announcement Info

Company Name AME ELITE CONSORTIUM BERHAD
Stock Name AME
Date Announced 17 Feb 2021
Category General Announcement for PLC
Reference Number GA1-08022021-00091