TCS

0.445

(%)

MATERIAL LITIGATION - SHAH ALAM HIGH COURT CIVIL SUIT NO. BA-22NCvC-269-07/2021MPM PROJECT MANAGEMENT SDN BHD V TCS CONSTRUCTION SDN BHD ("LITIGATION")

TCS GROUP HOLDINGS BERHAD

Type Reply to Query
Reply to Bursa Malaysia's Query Letter - Reference ID IQL-21072021-00001
Subject MATERIAL LITIGATION - SHAH ALAM HIGH COURT CIVIL SUIT NO. BA-22NCvC-269-07/2021MPM PROJECT MANAGEMENT SDN BHD V TCS CONSTRUCTION SDN BHD ("LITIGATION")
Description
TCS GROUP HOLDINGS BERHAD ("TCS" OR "COMPANY")

SHAH ALAM HIGH COURT CIVIL SUIT NO. BA-22NCvC-269-07/2021
	 				
MPM PROJECT MANAGEMENT SDN. BHD. ("MPM PROJECT MANAGEMENT") V TCS CONSTRUCTION SDN. BHD. ("TCSCSB")
Query Letter Contents

We refer to your Company’s announcement dated 21 July 2021, in respect of the aforesaid matter.
In this connection, kindly furnish Bursa Securities with the following additional information for public release:-

1) Confirmation as to whether TCS Construction Sdn Bhd is a major subsidiary of TCS Group Holdings Berhad (“TCS”).
2) The estimated potential liability to TCS group of companies (“Group”) arising from the Litigation, in the event that TCS Construction Sdn Bhd does not succeed in its claims against MPM Project Management Sdn Bhd.
3) The financial and operational impact of the Litigation to the Group.
Please furnish Bursa Securities with your reply within one (1) market day from the date hereof.

 

Yours faithfully,
Listing, 
Regulation

Cc : Market Surveillance Dept. , Securities Commission (via fax)

We refer to Bursa Malaysia Securities Berhad’s letter dated 21 July 2021 pertaining to the TCS Group Holdings Berhad’s (“TCS” or “Company”) announcement made on the same date. The Company wishes to furnish the following additional information in relation thereto.

 

Please refer to the attachment for the additional information.

 

This announcement is dated 22 July 2021.

 



Please refer attachment below.



Announcement Info

Company Name TCS GROUP HOLDINGS BERHAD
Stock Name TCS
Date Announced 22 Jul 2021
Category General Announcement for PLC
Reference Number GA1-22072021-00080