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MATERIAL LITIGATION LEGAL PROCEEDINGS BY KONTENA NASIONAL BERHAD AGAINST HOOD BIN OSMAN

MMC CORPORATION BERHAD

Type Announcement
Subject MATERIAL LITIGATION
Description
LEGAL PROCEEDINGS BY KONTENA NASIONAL BERHAD AGAINST HOOD BIN OSMAN

We refer to our announcements on 16 May 2018, 26 August 2020 and 25 September 2020 (“Announcements”) in relation to the above matter. Unless otherwise stated, the terms used herein shall have the same meaning as defined in the Announcements.

MMC wishes to announce that KNB, an indirect subsidiary of MMC, has today been informed by its solicitors that Hood bin Osman’s Notice of Appeal has been struck out by the Court of Appeal.

The striking out of the Notice of Appeal is not expected to have any material effect on the earnings, net assets and gearing of MMC Group for the financial year ending 31 December 2021.

None of the Directors or major shareholders of MMC or persons connected with them, has any interest, direct or indirect, in the aforesaid Notice of Appeal.

This announcement is dated 4 October 2021.






Announcement Info

Company Name MMC CORPORATION BERHAD
Stock Name MMCCORP
Date Announced 04 Oct 2021
Category General Announcement for PLC
Reference Number GA1-04102021-00100