MATERIAL LITIGATION 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 3 July 2018.
Further to the update of the Court, the Company wishes to announce the following:-
Following the mediation set on 5 July 2018 in respect of the High Court of Malaya in Kuala Lumpur Suit No. WA22C-50-04/2017 (“the Suit”) filed by Tack Yap Construction (M) Sdn Bhd against Euroland & Developments Sdn Bhd, parties have informed the Court that there is no amicable settlement reached between the parties. As such, the matter will proceed for trial, beginning on 25 July 2018.
Further announcements to Bursa Malaysia Securities Berhad on any material development on the above will be made in due course.
This announcement is dated 12 July 2018.
|Company Name||EURO HOLDINGS BERHAD|
|Date Announced||12 Jul 2018|
|Category||General Announcement for PLC|