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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 announcements dated 9 December 2020, 26 March 2021, 23 April 2021, 20 May 2021, 2 June 2021, 16 June 2021, 9 August 2021, 10 September 2021, 11 October 2021, 18 October 2021, 21 October 2021, 16 November 2021, 8 December 2021, 15 December 2021, 19 January 2022, 8 February 2022 and 17 February 2022. Unless otherwise stated, terms in this announcement shall carry the same meanings as defined in the earlier announcements.

 

The Board wishes to announce that the hearing of the motion for extension of time filed in respect of Court of Appeal, which has dismissed the motion with costs of RM5,000.00 to the Respondents. 

 

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

 

This announcement is dated 5 April 2022.






Announcement Info

Company Name ACE INNOVATE ASIA BERHAD
Stock Name ACEINNO
Date Announced 05 Apr 2022
Category General Announcement for PLC
Reference Number GA1-05042022-00067