JETSON

0.300

+0.01 (+3.4%)

MATERIAL LITIGATION KUMPULAN JETSON BERHAD ("JETSON" OR "COMPANY") - ORIGINATING SUMMON AGAINST THE MEMBERS REQUISITIONING IN THE KUALA LUMPUR HIGH COURT ORIGINATING SUMMONS NO.: WA-24NCC-7-01/2024

KUMPULAN JETSON BERHAD

Type Announcement
Subject MATERIAL LITIGATION
Description
KUMPULAN JETSON BERHAD ("JETSON" OR "COMPANY")
- ORIGINATING SUMMON AGAINST THE MEMBERS REQUISITIONING IN THE KUALA LUMPUR HIGH COURT ORIGINATING SUMMONS NO.: WA-24NCC-7-01/2024
Unless otherwise stated, the definitions used throughout this announcement shall have the same meanings as defined in the previous announcement made by the Company on 1 March 2024 pertaining to the Originating Summon against the members requisitioning in the Kuala Lumpur High Court Originating Summons No.: WA24NCC-7-01/2024.

The Company wishes to announce that on 13 May 2024, the Kuala Lumpur High Court had allowed the Company’s application vide the Kuala Lumpur High Court Originating Summons No.: WA-24NCC-7-01/2024 against ten (10) Defendants, named as follows:-

1. Tee Chee Beng
2. Chang Yin Yee
3. Lee Yee Wee
4. Chong Wan Ying
5. Shaun Sai Wen Fei
6. Teo Chor Eng
7. Jason Ching Chou-Yi
8. Tey Giap Leong
9. Nurdayana Binti Isa
10. Muhd Alamin Bin Ramli

(collectively referred to as (“Defendants”).                                           

The High Court Judge Tuan Wan Muhammad Amin bin Wan Yahya ruled, inter alia, that the notice of requisition dated 8 December 2023 (“Notice of Requisition”) served by the Defendants is null, void and invalid. The High Court Judge further ruled that any steps and/or actions taken in respect of the Notice of Requisition is null and void.  The High Court Judge also granted a cost of RM10,000.00 in favour of the Company. 

The Company is represented by the counsel Mr. Felix Saw and Muhammad Izzaaz Abdul Aziz of Messrs Lee Saw & Co. 

The operational impact to the Group:-

This decision is not expected to have any other material financial impact on the Company for the financial year ending 31 March 2025.

This announcement is dated 14 May 2024.





Announcement Info

Company Name KUMPULAN JETSON BERHAD
Stock Name JETSON
Date Announced 14 May 2024
Category General Announcement for PLC
Reference Number GA1-14052024-00048