General Announcement for PLC
04/03/2021MATERIAL LITIGATION WRIT OF SUMMONS AND STATEMENT OF CLAIM BY AME CONSTRUCTION SDN BHD (PLAINTIFF), A WHOLLY-OWNED SUBSIDIARY OF AMSUN INDUSTRIES SDN BHD WHICH IN TURN IS A WHOLLY-OWNED SUBSIDIARY OF AME ELITE CONSORTIUM BERHAD AGAINST AREA VENTURES SDN BHD (DEFENDANT)
| AME ELITE CONSORTIUM BERHAD |
| Type | Announcement |
| Subject | MATERIAL LITIGATION |
| Description | WRIT OF SUMMONS AND STATEMENT OF CLAIM BY AME CONSTRUCTION SDN BHD (PLAINTIFF), A WHOLLY-OWNED SUBSIDIARY OF AMSUN INDUSTRIES SDN BHD WHICH IN TURN IS A WHOLLY-OWNED SUBSIDIARY OF AME ELITE CONSORTIUM BERHAD AGAINST AREA VENTURES SDN BHD (DEFENDANT) |
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Unless otherwise defined, all definitions and terms used in this announcement shall have the same meaning as defined in the announcements dated 6 November 2020, 8 February 2021 and 17 February 2021, in relation to the above Civil Suit. The Board of AME wishes to announce that the Plaintiff had on 25 February 2021 filed an appeal to the Court of Appeal Malaysia at Putrajaya (“Court of Appeal”) against the High Court’s decision to allow the Defendant’s Application for a Stay of Proceedings Pending Arbitration. The Court of Appeal has fixed the Case Management on 12 April 2021 which will be conducted by way of e-Review. Further announcement would be made should there be any material development on this matter. This announcement is dated 4 March 2021. |
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Announcement Info
| Company Name | AME ELITE CONSORTIUM BERHAD |
| Stock Name | AME |
| Date Announced | 04 Mar 2021 |
| Category | General Announcement for PLC |
| Reference Number | GA1-17022021-00108 |