MMAG

0.175

+0.005 (+2.9%)

MATERIAL LITIGATION Kuala Lumpur High Court, Originating Summons No. WA-24NCC-678-05/2022 JT Aerotech Solutions Sdn. Bhd. ("Plaintiff") vs 1. MMAG Holdings Berhad (1st Defendant) 2. MJets International Sdn. Bhd. (3rd Defendant) & Anor (Originating Summons)

MMAG HOLDINGS BERHAD

Type Announcement
Subject MATERIAL LITIGATION
Description
Kuala Lumpur High Court, Originating Summons No. WA-24NCC-678-05/2022
JT Aerotech Solutions Sdn. Bhd. ("Plaintiff") vs
1. MMAG Holdings Berhad (1st Defendant) 
2. MJets International Sdn. Bhd. (3rd Defendant) & Anor
(Originating Summons)

Reference is made to MMAG's announcements dated 24 May 2022, 27 May 2022 and 1 June 2022 ("Previous Announcements") regarding the Originating Summons. Unless otherwise stated, the terms stated herein shall have the same meaning as defined in the Previous Announcements.

The Company wishes to inform that the Originating Summons was heard on 5 August 2022 with continued hearing on 19 August 2022. The Plaintiff's Originating Summons was dismissed by the High Court, with costs, on 19 August 2022.

The Company will make further announcements on any material developments concerning this matter as may occur.

This announcement is dated 19  August 2022.






Announcement Info

Company Name MMAG HOLDINGS BERHAD
Stock Name MMAG
Date Announced 19 Aug 2022
Category General Announcement for PLC
Reference Number GA1-19082022-00062