PUNCAK

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MATERIAL LITIGATION PUNCAK NIAGA HOLDINGS BERHAD (416087-U) ("PUNCAK" OR "THE COMPANY") BILLS OF DEMAND DATED 18 DECEMBER 2019 FROM ROYAL MALAYSIAN CUSTOMS DEPARTMENT SELANGOR ("RMCD") ISSUED TO WHOLLY-OWNED SUBSIDIARY, PUNCAK NIAGA MANAGEMENT SERVICES SDN BHD ("PNMSSB")

PUNCAK NIAGA HOLDINGS BERHAD

Type Announcement
Subject MATERIAL LITIGATION
Description 
PUNCAK NIAGA HOLDINGS BERHAD (416087-U) ("PUNCAK" OR "THE COMPANY")
BILLS OF DEMAND DATED 18 DECEMBER 2019 FROM ROYAL MALAYSIAN CUSTOMS DEPARTMENT SELANGOR ("RMCD") ISSUED TO WHOLLY-OWNED SUBSIDIARY, PUNCAK NIAGA MANAGEMENT SERVICES SDN BHD ("PNMSSB")

Reference is made to the Company’s earlier announcements dated 19 December 2019, 2 January 2020, 7 January 2020, 14 January 2020, 5 February 2020, 20 April 2020, 28 April 2020, 4 June 2020, 17 June 2020, 26 August 2020, 24 September 2020, 8 October 2020, 18 January 2021, 8 March 2021, 16 April 2021, 16 June 2021, 21 September 2021, 23 September 2021, 16 December 2021, 25 January 2022, 23 May 2022, 26 August 2022, 29 August 2022, 22 September 2022, 17 November 2022, 24 November 2022 and 29 December 2022 in relation to the two (2) Bills of Demand dated 18 December 2019 and Application against RMCD.

Puncak wishes to announce to the Exchange that following the Shah Alam High Court's decision made on 29 December 2022 in favour of PNMSSB by allowing PNMSSB's Application against RMCD, the Attorney General’s Chambers had filed an appeal to the Court of Appeal on 26 January 2023 ("Appeal") and the sealed copy of the Appeal was received by PNMSSB's solicitors, on behalf of PNMSSB on 30 January 2023.


This announcement is dated 30 January 2023.



Announcement Info

Company Name PUNCAK NIAGA HOLDINGS BERHAD
Stock Name PUNCAK
Date Announced 30 Jan 2023
Category General Announcement for PLC
Reference Number GA1-30012023-00026


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