Euro Holdings Berhad ("EURO" or the "Company") Adjudication proceedings registered as KLRCA Adjudication No. ADJ-1376-2016 ("Adj. 1376") between Tack Yap Construction (M) Sdn Bhd ("Tack Yap") and Euroland & Development Sdn Bhd ("Euroland")
Reference is made to the Company’s announcement dated 30 May 2018.
Following the decision of the Adjudicator as announced on 30 May 2018, the Board of Directors of EURO wishes to announce that Euroland has taken the position to file for a setting aside and a stay application of the decision, whilst Tack Yap has proceeded to file an enforcement of the Adjudication Decision ("the 3 Applications").
The 3 Applications were filed on 14 June 2018 and were fixed for case management on 25 June 2018.
Euroland has been directed by Kuala Lumpur High Court to file the necessary cause papers by 10 July 2018. The Hearing for the 3 Applications have been set on 13 July 2018.
Any further announcements to Bursa Malaysia Securities Berhad on any material development on the above will be made in due course.
This announcement is dated 29 June 2018.
|Company Name||EURO HOLDINGS BERHAD|
|Date Announced||29 Jun 2018|
|Category||General Announcement for PLC|