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) |
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(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, 29 July 2022, 4 August 2022, 8 September 2022, 13 September 2022, 4 October 2022, 17 October 2022 and 11 November 2022).
Reference is made to the above matter.
The Board of KUBM wishes to announce that the Subsidiary has filed an application to terminate the winding up pursuant to Section 493 of the Companies Act, 2016 at the High Court (“the Application”).
The said Application was sealed by the Court today and the case management is fixed on 7 December 2022 via e-review.
Further updates on any material development will be made from time to time.
This announcement is dated 5 December 2022 |
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Announcement Info
| Company Name | KUB MALAYSIA BERHAD |
| Stock Name | KUB |
| Date Announced | 05 Dec 2022 |
| Category | General Announcement for PLC |
| Reference Number | GA1-05122022-00035 |