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MATERIAL LITIGATION Ace Innovate Asia Berhad Commencement of a civil suit at the Kuala Lumpur High Court by its wholly-owned subsidiary ACE Capital Growth Sdn Bhd against Kua Kee Koon, TTT Bullion Sdn Bhd, Cheang Kok Keet, Ho Kat Ann, Leow Chee Wai and Leow Chee Lip ("Defendants").

ACE INNOVATE ASIA BERHAD

Type Announcement
Subject MATERIAL LITIGATION
Description
Ace Innovate Asia Berhad 
Commencement of a civil suit at the Kuala Lumpur High Court by its wholly-owned subsidiary ACE Capital Growth Sdn Bhd against Kua Kee Koon, TTT Bullion Sdn Bhd, Cheang Kok Keet, Ho Kat Ann, Leow Chee Wai and Leow Chee Lip ("Defendants").

Reference is made to the Company's announcement dated 9 December 2020. Unless otherwise stated, terms in this announcement shall carry the same meanings as defined in the earlier announcement.

 

The board wishes to announce that the hearing of Ace Capital Growth Sdn Bhd’s interlocutory injunction application against the Defendants on 25 March 2021 has been fixed for continued hearing on 2 April 2021.  The case management of the main suit has also been fixed on 2 April 2021.

 

The Company will make further announcement if there is any material development arising thereto.

 

This announcement is dated 26 March 2021.






Announcement Info

Company Name ACE INNOVATE ASIA BERHAD
Stock Name ACEINNO
Date Announced 26 Mar 2021
Category General Announcement for PLC
Reference Number GA1-26032021-00076