MMAG

0.200

+0.005 (+2.6%)

OTHERS Shah Alam High Court Civil Suit No. BA-22NCvC-23-01/2023 AeroControl Group DWC-LLC Vs M Jets International Sdn. Bhd. ("Suit")

MMAG HOLDINGS BERHAD

Type Announcement
Subject OTHERS
Description
Shah Alam High Court Civil Suit No. BA-22NCvC-23-01/2023
AeroControl Group DWC-LLC Vs M Jets International Sdn. Bhd. ("Suit")

Reference is made to the Company’s announcements dated 18 January 2023, 1 June 2023 and 29 August 2023 in relation to the Suit (“Announcements”). Unless otherwise stated, the definitions and terms used herein shall have the same meaning as defined in the Announcements.

The Board of Directors of MMAG Holdings Berhad wishes to announce that MJets has completed the payment of the judgement sum awarded by the Court in relation to the Suit.

There is no further financial impact in relation to the Suit as the judgement sum was already provided earlier.

This announcement is dated 31 January 2024. 






Announcement Info

Company Name MMAG HOLDINGS BERHAD
Stock Name MMAG
Date Announced 31 Jan 2024
Category General Announcement for PLC
Reference Number GA1-31012024-00028