MATERIAL LITIGATION M3 TECHNOLOGIES (ASIA) BERHAD ("M3TECH" OR "COMPANY") - KUALA LUMPUR HIGH COURT SUIT NO. WA-23NCvC-60-06/2021: LIM SENG BOON ("PLAINTIFF") AGAINST M3TECH ("DEFENDANT")
| M3 TECHNOLOGIES (ASIA) BERHAD |
| Type | Announcement |
| Subject | MATERIAL LITIGATION |
| Description | M3 TECHNOLOGIES (ASIA) BERHAD ("M3TECH" OR "COMPANY")
- KUALA LUMPUR HIGH COURT SUIT NO. WA-23NCvC-60-06/2021: LIM SENG BOON ("PLAINTIFF") AGAINST M3TECH ("DEFENDANT") |
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Pursuant to Rule 9.04(f) of the ACE Market Listing Requirements of Bursa Malaysia Securities Berhad, the Board of Directors of M3Tech wishes to announce that the Company on 8 July 2021, was served with a writ and statement of claim from Lim Seng Boon, alleging the Company had defamed him via the Company announcement dated 26 April 2021 ("Suit"). Via this Suit, Lim Seng Boon claims for, amongst other, RM5,000,000 damages. The Suit is frivolous and vexatious, and the Company had appointed Messrs Chong + Kheng Hoe to represent the Company. Besides, the Company had on May 2021 appointed Messrs Crowe Malaysia PLT to undertake a forensic audit over the dubious transactions. This announcement is dated 9 July 2021. |
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Announcement Info
| Company Name | M3 TECHNOLOGIES (ASIA) BERHAD |
| Stock Name | M3TECH |
| Date Announced | 09 Jul 2021 |
| Category | General Announcement for PLC |
| Reference Number | GA1-09072021-00078 |