General Announcement for PLC
25/10/2021MATERIAL LITIGATION - WRIT AND STATEMENT OF CLAIM BY BETANAZ PROPERTIES SDN BHD ("BETANAZ"), A 51%-OWNED SUBSIDIARY OF AHMAD ZAKI RESOURCES BERHAD ("AZRB"), AGAINST AEON CO. (M) BHD ("AEON") - COUNTERCLAIM BY AEON AGAINST BETANAZ AND AZRB
AHMAD ZAKI RESOURCES BERHAD |
Type | Announcement |
Subject | MATERIAL LITIGATION |
Description | - WRIT AND STATEMENT OF CLAIM BY BETANAZ PROPERTIES SDN BHD ("BETANAZ"), A 51%-OWNED SUBSIDIARY OF AHMAD ZAKI RESOURCES BERHAD ("AZRB"), AGAINST AEON CO. (M) BHD ("AEON") - COUNTERCLAIM BY AEON AGAINST BETANAZ AND AZRB |
We refer to our announcements made on 4 March 2021 and 31 March 2021 in relation to the Writ and Statement of Claim filed by Betanaz against AEON pertaining to AEON’s fundamental and repudiatory breach of a Tenancy Agreement dated 24 August 2017 (“Tenancy Agreement”) and the Counterclaim by AEON against Betanaz and AZRB seeking a refund of the monies paid by AEON to Betanaz and AZRB.
AZRB wishes to announce that the High Court had on 22 October 2021 allowed AZRB’s striking out application against AEON’s Counterclaim with costs.
This announcement is dated 25 October 2021. |
Announcement Info
Company Name | AHMAD ZAKI RESOURCES BERHAD |
Stock Name | AZRB |
Date Announced | 25 Oct 2021 |
Category | General Announcement for PLC |
Reference Number | GA1-25102021-00042 |
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