MATERIAL LITIGATION MALAYAN UNITED INDUSTRIES BERHAD ("THE COMPANY") STATUS UPDATE ON LEGAL PROCEEDINGS IN RELATION TO THE EARLY TERMINATION OF TENANCY AGREEMENT BETWEEN MJ DEPARTMENT STORES SDN BHD ("PLAINTIFF") AND UDA HOLDINGS BERHAD ("DEFENDANT")
MALAYAN UNITED INDUSTRIES BERHAD |
Type | Announcement |
Subject | MATERIAL LITIGATION |
Description | MALAYAN UNITED INDUSTRIES BERHAD ("THE COMPANY") STATUS UPDATE ON LEGAL PROCEEDINGS IN RELATION TO THE EARLY TERMINATION OF TENANCY AGREEMENT BETWEEN MJ DEPARTMENT STORES SDN BHD ("PLAINTIFF") AND UDA HOLDINGS BERHAD ("DEFENDANT") |
Unless otherwise stated, the definitions used in this announcement shall carry the same meanings as defined in the announcements dated 28 February 2019, 6 March 2019, 28 March 2019, 30 May 2019 and 7 February 2020 (“Announcements”).
Further to our Announcements, the Company wishes to announce that the Court of Appeal had on 12 April 2022 dismissed the Plaintiff’s Appeal with cost of RM30,000.00.
The Plaintiff was given 30 days from 12 April 2022 to file an application for leave to appeal to the Federal Court if the Plaintiff wishes to appeal against the Court of Appeal’s decision. In this regard, the Plaintiff is in the midst of seeking legal advice on whether to appeal.
The Company will make the necessary announcements to Bursa Malaysia Securities Berhad on any further material development in relation to the above matter. |
Announcement Info
Company Name | MALAYAN UNITED INDUSTRIES BERHAD |
Stock Name | MUIIND |
Date Announced | 18 Apr 2022 |
Category | General Announcement for PLC |
Reference Number | GA1-18042022-00043 |