General Announcement for PLC

18/04/2019

MATERIAL LITIGATION Cabnet Holdings Berhad (Cabnet or the Company) (1)Shah Alam High Court (Construction Court) Suit No. BA-24C-5-01/2019 between Cabnet Systems (M) Sdn Bhd (Cabnet Systems)(Plaintiff),Dekad Kaliber Sdn Bhd (Dekad Kaliber)(1st Defendant) and Rimarisan Sdn Bhd (Rimarisan)(2nd Defendant)(Construction Court Suit); and (2)Shah Alam High Court (Civil Division) Suit No. BA-22NCvC-28-01/2019 between Cabnet Systems (Plaintiff), Dekad Kaliber (1st Defendant) and Rimarisan (2nd Defendant)(Civil Suit)

CABNET HOLDINGS BERHAD

Type Announcement
Subject MATERIAL LITIGATION
Description
Cabnet Holdings Berhad (Cabnet or the Company)

(1)Shah Alam High Court (Construction Court) Suit No. BA-24C-5-01/2019 between Cabnet Systems (M) Sdn Bhd (Cabnet Systems)(Plaintiff),Dekad Kaliber Sdn Bhd (Dekad Kaliber)(1st Defendant) and Rimarisan Sdn Bhd (Rimarisan)(2nd Defendant)(Construction Court Suit); and

(2)Shah Alam High Court (Civil Division) Suit No. BA-22NCvC-28-01/2019 between Cabnet Systems (Plaintiff), Dekad Kaliber (1st Defendant) and Rimarisan (2nd Defendant)(Civil Suit)

We refer to the announcements issued on 25 February 2019, 6 March 2019 and 9 April 2019 in relation to the abovesaid Construction Court Suit and Civil Suit (“Announcements”). Unless otherwise stated, the terms used herein shall have the same meanings stated in the Announcements. The Company wishes to announce the following updates based on the case management conducted on 17 April 2019.

 

Construction Court Suit

 

By way of Originating Summons dated 17 January 2019, the Plaintiff had initiated an action under Section 30 of the Construction Industry Payment and Adjudication Act 2012 (CIPAA 2012) against 1st Defendant (i.e. Dekad Kaliber) and 2nd Defendant (i.e. Rimarisan) to obtain full payment of the adjudication sum of RM 1,155,874.10.

 

Prior to this action, the Plaintiff had pursued adjudication proceedings against Synergycentric Sdn Bhd (“Synergycentric”) and obtained adjudication decision on 1 November 2018 which was in favour of the Plaintiff. However, Synergycentric has gone into liquidation and has not made any settlement to the adjudication sum. As such, the Plaintiff pursues an action against the principals of Synergycentric, i.e. 1st and 2nd Defendants under Section 30 of the CIPAA 2012.

 

The case managements were held on 5 March 2019, 29 March 2019, 4 April 2019 and 17 April 2019.

  1. The 1st Defendant (i.e. Dekad Kaliber) had filed for Extension of time (“EOT”) to allow its out of time affidavit to be accepted. In order to save time and cost, the Plaintiff had decided to request for cost instead of replying affidavit before the judge at the date of the hearing of the matter and case management for this has been fixed on 2 May 2019.
  2. The 2nd Defendant (i.e. Rimarisan) had filed for striking out and EOT to reply the Plaintiff’s affidavit. The Court has directed for the 2nd Defendant’s striking out and EOT to be heard together. The Plaintiff will be objecting to both applications and parties are required to file submission accordingly before hearing fixed on 31 May 2019. The next case management has been changed from 26 April 2019 to 21 May 2019.
  3. The next case management for Construction Court Suit is fixed on 31 May 2019.

 

Civil Court Suit

 

By way of a Civil Suit on 17 January 2019, the Plaintiff had filed an action for breach of contract pursuant to the Sale and Purchase Agreement dated 18 July 2017 (SPA) between the Plaintiff and Synergycentric Sdn. Bhd. for a sum amounting to RM 1,156,048.18, being the outstanding invoices under the SPA.

  1. 1st Defendant had filed for striking out and hearing has been fixed on 21 May 2019. Written submission to be filed at any time before the hearing.
  2. 2nd Defendant had filed an application to amend its defence and the Court has directed Plaintiff to file its reply to 2nd Defendant's amendment application by 3 May 2019 and the hearing is fixed on 3 June 2019.
  3. The court has set trial tentatively on 19 and 20 August 2019 for the Civil Suit.

Further material developments to the abovementioned Construction Court Suit and the Civil Suit will be announced in due course.

 

This announcement is dated 18 April 2019.






Announcement Info

Company Name CABNET HOLDINGS BERHAD
Stock Name CABNET
Date Announced 18 Apr 2019
Category General Announcement for PLC
Reference Number GA1-18042019-00081


Related Announcements for CABNET
Date Title
23/08/2022 OTHERS Cabnet Holdings Berhad ("CHB" or "the Company") - Acceptance Letter of Award from Unique Arena Sdn. Bhd.
18/08/2022 OTHERS Cabnet Holdings Berhad ("CHB" or "the Company") - Preliminary Collaboration Agreement with EPG Data Center Solution Sdn. Bhd.
18/04/2022 OTHERS Cabnet Holdings Berhad (Cabnet or the Company) - Incorporation of a new wholly-owned subsidiary
26/11/2021 MATERIAL LITIGATION (1)Shah Alam High Court ("Construction Court")Suit No. BA-24C-5-01/2019 between Cabnet Systems (M) Sdn Bhd (Cabnet Systems)(Plaintiff),Dekad Kaliber Sdn Bhd (Dekad Kaliber)(1st Defendant) and Rimarisan Sdn Bhd (Rimarisan)(2nd Defendant)("Construction Court Suit");and (2)Shah Alam High Court ("Civil Division")Suit No. BA-22NCvC-28-01/2019 between Cabnet Systems (Plaintiff), Dekad Kaliber (1st Defendant) and Rimarisan (2nd Defendant)("Civil Court Suit")
25/11/2021 OTHERS Cabnet Holdings Berhad ("Cabnet" or "the Company") - Appointment of Auditors
25/11/2021 OTHERS LETTER OF AWARD - AWARD OF CONTRACT BY ASTINAS CONSTRUCTION & DEVELOPMENT SDN BHD FOR THE SUPPLY, DELIVERY, INSTALLATION, TESTING AND COMMISSIONING OF THE EXTRA LOW VOLTAGE SYSTEM WORKS FOR THE PROPOSED CONSTRUCTION OF INDUSTRIAL BUILDINGS LOCATED AT FREE ZONE OF SENAI AIRPORT CITY, MUKIM SENAI, DISTRICT OF KULAI, JOHOR
08/11/2021 OTHERS Cabnet Holdings Berhad (Cabnet or the Company) - Resignation of Auditors
25/10/2021 OTHERS LETTER OF AWARD - AWARD OF CONTRACT AS WORKS PACKAGE CONTRACTOR BY KINETICS SYSTEMS MALAYSIA SDN BHD. FOR THE ELECTRICAL WORK PACKAGE FOR A FACTORY LOCATED AT KULIM, KEDAH
11/10/2021 OTHERS Cabnet Holdings Berhad (Cabnet or the Company) - Acceptance of Islamic Financing Facility by Cabnet Systems (M) Sdn. Bhd., a wholly-owned subsidiary of Cabnet
10/09/2021 TRANSACTIONS (CHAPTER 10 OF LISTING REQUIREMENTS) : NON RELATED PARTY TRANSACTIONS CABNET HOLDINGS BERHAD ("CABNET" OR "COMPANY") ACQUISITION OF 100% EQUITY INTEREST IN CEE M&E ENGINEERING SDN. BHD. ("ACQUISITION")