KUB

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MATERIAL LITIGATION KUB MALAYSIA BERHAD (KUBM) IN THE HIGH COURT OF MALAYA AT SHAH ALAM (COMPANIES WINDING UP) NO. BA-28NCC-773-11/2019 BETWEEN MEDAN SEPADU SDN BHD (30% EQUITY INTEREST IN THE RESPONDENT), LEMBAGA AMANAH KEBAJIKAN KAUM MELANAU SARAWAK (10% EQUITY INTEREST IN THE RESPONDENT) (THE PETITIONERS) AND KUB SEPADU SDN BHD (FORMERLY KNOWN AS SASARAN BITARA SDN BHD) (THE RESPONDENT)

KUB MALAYSIA BERHAD

Type Announcement
Subject MATERIAL LITIGATION
Description
KUB MALAYSIA BERHAD (KUBM)

IN THE HIGH COURT OF MALAYA AT SHAH ALAM (COMPANIES WINDING UP) NO. BA-28NCC-773-11/2019 BETWEEN MEDAN SEPADU SDN BHD (30% EQUITY INTEREST IN THE RESPONDENT), LEMBAGA AMANAH KEBAJIKAN KAUM MELANAU SARAWAK (10% EQUITY INTEREST IN THE RESPONDENT) (THE PETITIONERS) AND KUB SEPADU SDN BHD (FORMERLY KNOWN AS SASARAN BITARA SDN BHD) (THE RESPONDENT)

(Unless otherwise stated, all abbreviations and definitions used in this announcement shall have the same meaning as those defined in the announcements dated 18 December 2019, 30 December 2019, 23 January 2020, 4 March 2020, 12 May 2020, 5 June 2020, 16 July 2020, 22 September 2020, 16 November 2020, 19 November 2020, 22 January 2021, 11 February 2021, 9 March 2021, 12 April 2021, 9 July 2021, 8 September 2021, 23 November 2021, 12 April 2022, 16 June 2022, 5 July 2022 and 29 July 2022).

 

In reference to our announcement dated 29 July 2022, the Board of Directors of KUBM wishes to announce that at the Case Management on 2 August 2022, the Court has fixed 7 September 2022 as the new Hearing Date for the Stay Application and directed the following:

 

1. That the Liquidators’ Solicitor are to file their Affidavit in Reply by 8 August 2022; and

 

2. That the Subsidiary’s Solicitor is to file the final Affidavit in Reply by 15 August 2022.

 

The Management is currently assessing the financial impact of the Matter with our external auditors and any implications arising thereof will be reflected in our announcement on the fourth quarter of the financial year ended 30 June 2022.

 

Further updates on any material development will be made from time to time.

 

This announcement is dated 4 August 2022.






Announcement Info

Company Name KUB MALAYSIA BERHAD
Stock Name KUB
Date Announced 04 Aug 2022
Category General Announcement for PLC
Reference Number GA1-04082022-00012