MATERIAL LITIGATION PERMAJU INDUSTRIES BERHAD ("Permaju" or "the Company") - In the Matter of an Arbitration Act 2005 and In the Matter of an Arbitration between David Shen I-Tan (trading under the name and style of Arkitek Konsult Sabah) vs (1) Hardie Development Sdn Bhd and (2) Permaju Industries Berhad
| PERMAJU INDUSTRIES BERHAD |
| Type | Announcement |
| Subject | MATERIAL LITIGATION |
| Description | PERMAJU INDUSTRIES BERHAD ("Permaju" or "the Company")
- In the Matter of an Arbitration Act 2005 and In the Matter of an Arbitration between David Shen I-Tan (trading under the name and style of Arkitek Konsult Sabah) vs (1) Hardie Development Sdn Bhd and (2) Permaju Industries Berhad |
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Reference is made to the Company’s announcements made on 7 November 2014, 18 November 2014, 19 November 2014, 2 March 2015, 28 May 2015, 9 December 2015, 18 December 2015, 22 May 2018, 28 November 2019, 27 May 2020, 19 June 2020, 4 September 2020, 24 December 2020, 22 April 2021, 11 August 2021, 2 September 2021, 6 September 2021, 29 November 2021, 18 February 2022 and 29 March 2022 respectively.
The Board of Directors of Permaju wishes to inform that the Arbitration proceedings initiated by David Shen I-Tan against the Company were in abeyance until the outcome of the Appeals filed by both parties at the Court of Appeal.
The Company will announce further developments pertaining to the above matters as and when necessary.
This announcement is dated 20 May 2022. |
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Announcement Info
| Company Name | PERMAJU INDUSTRIES BERHAD |
| Stock Name | PERMAJU |
| Date Announced | 20 May 2022 |
| Category | General Announcement for PLC |
| Reference Number | GA1-20052022-00059 |