General Announcement for PLC
01/08/2022MATERIAL LITIGATION IMPIANA HOTELS BERHAD ("IMPIANA" OR THE COMPANY") HIGH COURT OF MALAYA KUALA LUMPUR ORIGINATING SUMMONS NO. WA-26C-68-03/2022 AXVENTURE SDN BHD ("PLAINTIFF") AND IMPIANA CHERATING SDN BHD ("DEFENDANT")
IMPIANA HOTELS BERHAD |
Type | Announcement |
Subject | MATERIAL LITIGATION |
Description | IMPIANA HOTELS BERHAD ("IMPIANA" OR THE COMPANY") HIGH COURT OF MALAYA KUALA LUMPUR ORIGINATING SUMMONS NO. WA-26C-68-03/2022 AXVENTURE SDN BHD ("PLAINTIFF") AND IMPIANA CHERATING SDN BHD ("DEFENDANT") |
We refer to the Company's announcements made on 6 January 2022, 7 February 2022, 18 March 2022, 30 March 2022, 9 May 2022, 13 May 2022 and 27 July 2022 in relation to the adjudication claim filed by Axventure Sdn Bhd (“Claimant”) against the Company’s wholly-owned subsidiary, Impiana Cherating Sdn Bhd (“Impiana Cherating”).
The Board of Directors of Impiana Hotels Berhad wishes to announce that Impiana Cherating’s solicitor had informed the Company on the following development of the case:
i) During the Hearing held on 26 July 2022, 29 July 2022, the Court had struck off the Setting Aside application by the Defendant. ii) Further, the Court allowed the Plaintiff’s Enforcement application.
Presently, the management of Impiana is in discussion with the Plaintiff for a settlement proposal on the outstanding sum.
The Company will make the necessary announcements to Bursa Malaysia Securities Berhad as and when there are further developments in relation thereof.
This announcement is dated 1 August 2022. |
Announcement Info
Company Name | IMPIANA HOTELS BERHAD |
Stock Name | IMPIANA |
Date Announced | 01 Aug 2022 |
Category | General Announcement for PLC |
Reference Number | GA1-01082022-00069 |