General Announcement for PLC

06/07/2021

MATERIAL LITIGATION M3 TECHNOLOGIES (ASIA) BERHAD ("M3TECH" OR "COMPANY") - KUALA LUMPUR HIGH COURT ORIGINATING SUMMONS NO. WA-24NCC-233-05/2021

M3 TECHNOLOGIES (ASIA) BERHAD

Type Announcement
Subject MATERIAL LITIGATION
Description 
M3 TECHNOLOGIES (ASIA) BERHAD ("M3TECH" OR "COMPANY")
- KUALA LUMPUR HIGH COURT ORIGINATING SUMMONS NO. WA-24NCC-233-05/2021

Reference is made to the announcements dated 20 May 2021 and 18 June 2021.

The solicitors for the Plaintiffs (Lim Seng Boon and Voon Sze Lin), Messrs Bahari & Bahari had served another application for injunction on Messrs Chong + Kheng Hoe, being the solicitors for the Company ("Injunction Application"). Via this new Injunction Application, the Plaintiffs sought for an order against the Company to restrain the Company from implementing the Employees Share Option Scheme ("Plaintiffs' Application For Injunction") as announced by the Company on 1 July 2021. The Plaintiffs' Application For Injunction was heard today in the High Court of Kuala Lumpur with En. Rizal from Messrs Bahari & Bahari appeared and argued for the Plaintiffs. The honourable Court had dismissed the Plaintiffs' Application For Injunction after hearing submission from the parties.

This announcement is dated 6 July 2021.



Announcement Info

Company Name M3 TECHNOLOGIES (ASIA) BERHAD
Stock Name M3TECH
Date Announced 06 Jul 2021
Category General Announcement for PLC
Reference Number GA1-06072021-00117


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