SCBUILD

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MATERIAL LITIGATION SC Estate Builder Berhad ("SCBUILD/0109" or "the Company") - Writ of Summons, Statement of Claim and Notice of Application (Interlocutory Injunction) amongst others filed in the High Court of Shah Alam on 3 June 2021 by SCBUILD/0109 against 10 shareholders

SC ESTATE BUILDER BERHAD

Type Announcement
Subject MATERIAL LITIGATION
Description
SC Estate Builder Berhad ("SCBUILD/0109" or "the Company") - Writ of Summons, Statement of Claim and Notice of Application (Interlocutory Injunction) amongst others filed in the High Court of Shah Alam on 3 June 2021 by SCBUILD/0109 against 10 shareholders
Unless otherwise defined, the definitions used in this announcement shall have the same meanings as previously defined in the earlier announcements made on 4 June 2021, 16 June 2021, 5 August 2021 and 8 September 2021 in relation to the same.

The Company wishes to announce that at the Court’s hearing held today, 20 September 2021, the Court has dismissed the Company’s injunction application and allowed the Defendants’ application for injunction to compel the Company to issue notice of EGM within 14 days from the date of this judgement and to convene the proposed EGM within 28 days from the date of the notice of EGM.

The Company has on the same day on 20 September 2021 applied for an oral application for a stay of execution on which the hearing is fixed on 21 September 2021.

The Company has also filed appeals against the Court’s decision to the Court of Appeal today on 20 September 2021.

This announcement is dated 20 September 2021.





Announcement Info

Company Name SC ESTATE BUILDER BERHAD
Stock Name SCBUILD
Date Announced 20 Sep 2021
Category General Announcement for PLC
Reference Number GA1-20092021-00096