CME

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MATERIAL LITIGATION CME GROUP BERHAD ("CME" OR "COMPANY") Writ of Summon (Writ) and Statement of Claim filed by Bellajade Sdn Bhd ("Bellajade" of "the Plaintiff") Vs 1) CME Group Berhad ("1st Defendant") 2) Others ("2nd Defendant") Kuala Lumpur High Court Suit No.22NCVC-19-01/2014

CME GROUP BERHAD

Type Announcement
Subject MATERIAL LITIGATION
Description
CME GROUP BERHAD ("CME" OR "COMPANY")
Writ of Summon (Writ) and Statement of Claim filed by Bellajade Sdn Bhd ("Bellajade" of "the Plaintiff") Vs
1) CME Group Berhad ("1st Defendant")
2) Others ("2nd Defendant")
Kuala Lumpur High Court Suit No.22NCVC-19-01/2014

(Unless stated otherwise, the words and expressions used in this announcement shall have the same meaning as defined in the Company's announcement dated 12 May 2014, 20 May 2015, 12 June 2015, 22 July 2015, 25 August 2016, 29 August 2017, 13 November 2017, 13 March 2018, 25 September 2018, 4 October 2018, 16 November 2018, 14 February 2019, 25 April 2019, 30 April 2019, 15 May 2019, 18 July 2019 ,14 October 2020, 27 January 2021, 30 September 2021,27 December 2021,10 February 2022, 28 February 2022, 2 March 2022, 10 March 2022, 18 April 2022, 20 April 2022 and 28 April 2022)

Reference is made to the Company's announcements made on 12 May 2014, 20 May 2015, 12 June 2015, 22 July 2015, 25 August 2016, 29 August 2017, 13 November 2017, 13 March 2018, 25 September 2018, 4 October 2018, 16 November 2018, 14 February 2019, 25 April 2019, 30 April 2019, 15 May 2019, 18 July 2019 ,14 October 2020, 27 January 2021, 30 September 2021,27 December 2021,10 February 2022, 28 February 2022, 2 March 2022, 10 March 2022, 18 April 2022, 20 April 2022 and 28 April 2022

 

Further to our announcement dated 28 April 2022, The Board of Directors (“the Board”) of CME wishes to announce that on 27 April 2022, the Company has been served with a Winding-Up Petition Pursuant to Sections 465(1) & 466 of the Companies Act, 2016 dated 27 April 2022 by solicitors acting on behalf of Bellajade Sdn Bhd (“Bellajade”).

The Petition is upon a debt arising pursuant to an agreement dated 21 February 2013 between the Company and Bellajade. Bellajade is claiming for a sum of RM50,652,566.18 against the Company. In resisting the claim, the Company had filed for a Judicial Review in the Federal Court with hearing date fixed on 29 June 2022 and a Stay Motion with Federal Court fixed on 23 May 2022.

Further, the Company will also be making the necessary application to Court to resist the Winding-Up Petition.

The financial and operational impact and also expected losses from the Winding-Up Petition cannot be ascertained as the Company is resisting and disputing this claim.

The Company will announce further material developments of the outcome of the case in due course.

This announcement is dated 29 April 2022.

 






Announcement Info

Company Name CME GROUP BERHAD
Stock Name CME
Date Announced 29 Apr 2022
Category General Announcement for PLC
Reference Number GA1-10032022-00050