General Announcement for PLC

04/05/2021

MATERIAL LITIGATION JOE Holding Berhad (Formerly known as GPA Holdings Berhad) ("JOE" or "the Company") Federal Court Civil Appeal No. 02(f)-9-02/2019(W) Appellant : Battery Solutions Sdn. Bhd. Respondent : GP Autobat Sdn. Bhd.

JOE HOLDING BERHAD

Type Announcement
Subject MATERIAL LITIGATION
Description 
JOE Holding Berhad (Formerly known as GPA Holdings Berhad) ("JOE" or "the Company")

Federal Court Civil Appeal No. 02(f)-9-02/2019(W)

Appellant : Battery Solutions Sdn. Bhd. 
Respondent : GP Autobat Sdn. Bhd.

We refer to the Company’s announcements dated 25 January 2019, 23 November 2020 and 16 December 2020 respectively.

 

The Company wishes to announce that the appeal filed by Battery Solutions Sdn Bhd in the Federal Court had been allowed on 4 May 2021. However, the Federal Court in delivering its decision had disagreed with the quantum of damages ordered by the High Court on 28 September 2016 and had ordered that the matter be remitted back to the High Court for assessment of damages.  

 

Any further material development on this matter will be announced accordingly.

 

This announcement is dated 4 May 2021.



Announcement Info

Company Name JOE HOLDING BERHAD
Stock Name JOE
Date Announced 04 May 2021
Category General Announcement for PLC
Reference Number GA1-04052021-00038


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