RALCO

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MATERIAL LITIGATION High Court in Shah Alam Writ Summons No. BA-22NCVC-72-02/2020 Ralco Respack Polybag Sdn. Bhd. ("the Plaintiff") vs Respack Manufacturing Sdn. Bhd. ("the Defendant")

RALCO CORPORATION BERHAD

Type Announcement
Subject MATERIAL LITIGATION
Description
High Court in Shah Alam Writ Summons No. BA-22NCVC-72-02/2020 Ralco Respack Polybag Sdn. Bhd.
("the Plaintiff") vs Respack Manufacturing Sdn. Bhd. ("the Defendant")

Reference is made to Ralco Corporation Berhad's ("RCB" or "the Company") announcements dated 24 February 2020, 3 March 2020, 14 May 2020, 23 June 2020, 14 July 2020, 17 August 2020, 22 September 2020, 13 November 2020, 30 December 2020, 15 January 2021, 29 January 2021, 25 February 2021, 16 August 2021, 29 October 2021 and 18 May 2022 in relation to the above Suit. Unless otherwise stated, the definitions and terms used herein shall have the same meaning as defined in the earlier announcements.


The Board of Directors of the Company wishes to announce that the Company's subsidiary, Ralco Respack Polybag Sdn. Bhd.(“Plaintiff”) has fully settled and paid the full and final global settlement sum of RM220,026.50 to the Defendant, Respack Manufacturing Sdn Bhd. on 1 December 2022.

 


 


This announcement is dated 1 December 2022.






Announcement Info

Company Name RALCO CORPORATION BERHAD
Stock Name RALCO
Date Announced 01 Dec 2022
Category General Announcement for PLC
Reference Number GA1-30112022-00038