Euro Holdings Berhad ("EURO" or the "Company") (1) Kuala Lumpur High Court Civil Suit No: WA-22C-50-04/2017 Tack Yap Construction (M) Sdn Bhd (the Plaintiff) v Euroland & Development Sdn Bhd (the Defendant) (2) High Court of Malaya at Kuala Lumpur Originating Summons No. WA-24C-5-01/2018 Euroland & Development Sdn Bhd v Tack Yap Construction (M) Sdn Bhd
Reference is made to the Company’s announcement dated 19 January 2018.
Further to the case management held on 14 February 2018, the Company wishes to announce the following:-
1. Euroland & Development Sdn Bhd's ("Euroland") application in the High Court (“the Application”) to restrain Tack Yap Construction (M) Sdn Bhd (“Tack Yap”) from pursuing and proceeding with the KLRCA Adjudication No. ADJ-1376-2017 pending the disposal of Euroland’s High Court of Malaya in Kuala Lumpur Originating Summons No. WA-24C-5-01/2018 was called for hearing on 14 February 2018, at the conclusion of which the Application remains pending but it was directed that the Originating Summons be fixed for hearing on 5 and 8 March 2018. By consent, the Court ordered that the Adjudication be stayed until 8 March 2018; and
2. The High Court of Malaya in Kuala Lumpur Suit No. WA22C-50-04/201 filed by Tack Yap against Euroland is also fixed for case management on 5 and 8 March 2018.
Further announcement(s) to Bursa Malaysia Securities Berhad on any material development on the above will be made in due course.
This announcement is dated 14 February 2018.
|Company Name||EURO HOLDINGS BERHAD|
|Date Announced||14 Feb 2018|
|Category||General Announcement for PLC|