General Announcement for PLC

25/10/2021

OTHERS ADVANCE SYNERGY BERHAD ("ASB") Announcement by Captii Limited ("Captii"), a 58.3%-owned subsidiary of ASB (held via Worldwide Matrix Sdn Bhd, a wholly-owned subsidiary of ASB), to the Singapore Exchange Securities Trading Limited ("SGX") on the Settlement of Suit No. 885 of 2019 in respect of associated company, OOPA Pte. Ltd., (OOPA) against Mr Bui Sy Phong (Mr Bui)

ADVANCE SYNERGY BERHAD

Type Announcement
Subject OTHERS
Description 
ADVANCE SYNERGY BERHAD ("ASB")
Announcement by Captii Limited ("Captii"), a 58.3%-owned subsidiary of ASB (held via Worldwide Matrix Sdn Bhd, a wholly-owned subsidiary of ASB), to the Singapore Exchange Securities Trading Limited ("SGX") on the Settlement of Suit No. 885 of 2019 in respect of associated company, OOPA Pte. Ltd., (OOPA) against Mr Bui Sy Phong (Mr Bui)

We refer to our announcements on 6 September 2019, 17 June 2021 and 18 June 2021 pertaining to the announcements made by Captii, our subsidiary, to the SGX in relation to the suit HC/S 885/2019 in the High Court of the Republic of Singapore (“Suit”) filed by OOPA against Mr Bui.

 

Pursuant to paragraph 9.19(40) of the Main Market Listing Requirements of Bursa Malaysia Securities Berhad ("Bursa Securities"), we wish to inform Bursa Securities that Captii, our subsidiary which is listed on the SGX, had on 25 October 2021 released an announcement to the SGX to update that by way of a deed of settlement entered into between OOPA, Mr Bui and Telio Pte. Ltd. on 25 October 2021, OOPA and Mr Bui had come to a full and final settlement of all claims in connection with, relating to, or arising out of the subject matter of the Suit.

 

Please refer to the attached file for the said announcement made by Captii to the SGX.

 

This announcement is dated 25 October 2021.

 


Please refer attachment below.


Announcement Info

Company Name ADVANCE SYNERGY BERHAD
Stock Name ASB
Date Announced 25 Oct 2021
Category General Announcement for PLC
Reference Number GA1-25102021-00046


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