General Announcement for PLC

12/06/2018

MATERIAL LITIGATION COMINTEL CORPORATION BHD ("Comcorp" or "the Company") Comintel Sdn Bhd ("Comintel") vs U Television Sdn Bhd ("UTV") & Tan Sri Dato Seri Vincent Tan Chee Yioun ("Tan Sri Dato Seri Vincent Tan") Federal Court of Civil Appeal No.: W-02(f)-12-03/2016(W)

COMINTEL CORPORATION BHD

Type Announcement
Subject MATERIAL LITIGATION
Description 
COMINTEL CORPORATION BHD ("Comcorp" or "the Company")
Comintel Sdn Bhd ("Comintel") vs U Television Sdn Bhd ("UTV") & Tan Sri Dato Seri Vincent Tan Chee Yioun ("Tan Sri Dato Seri Vincent Tan")
Federal Court of Civil Appeal No.: W-02(f)-12-03/2016(W)

Further to our announcements dated 29 January 2018, 18 January 2018, 19 December 2017, 21 August 2017, 10 August 2017, 15 February 2017, 1 December 2016, 30 November 2016, 2 September 2016, 25 August 2016, 22 July 2016, 13 May 2016, 3 March 2016, 2 February 2016, 28 August 2015, 3 October  2013 and 16 July 2013, pertaining to the litigation action taken by Comintel, a wholly-owned subsidiary of Comcorp against U Television Sdn Bhd & Tan Sri Dato’ Seri Vincent Tan Chee Yioun in Civil Application No.: 08(f)-449-09/2015, the Board of Directors of Comcorp wishes to announce that Comintel received a Statutory Demand from UTV’s solicitors on 12 June 2018 to pay the sum of Ringgit Malaysia Twenty Two Million One Hundred and Ninety Eight Thousand Three Hundred and Thirty One  and Sen Forty Three (RM22,198,331.43) being UTV’s counterclaim against Comintel amounting to Ringgit Malaysia Twenty Million Eight Hundred and Thirty Three Thousand and Fifty Three (RM20,833,053.00) together with interest at the rate of eight per cent (8%) per annum calculated from 18 August 2017 until 12 June 2018, within twenty one (21) days from 12 June 2018.

We will be seeking legal advice on this matter and will make the necessary announcement.

 

This announcement is dated 12 June 2018.

 



Announcement Info

Company Name COMINTEL CORPORATION BHD
Stock Name COMCORP
Date Announced 12 Jun 2018
Category General Announcement for PLC
Reference Number GA1-12062018-00029


Related Announcements for COMCORP
Date Title
19/08/2022 PRACTICE NOTE 17 / GUIDANCE NOTE 3 : REGULARISATION PLAN
01/08/2022 PRACTICE NOTE 17 / GUIDANCE NOTE 3 : MONTHLY ANNOUNCEMENT
25/07/2022 OTHERS COMINTEL CORPORATION BHD ("Comcorp" or the "Company") ACCEPTANCE OF LETTER OF AWARD FOR CONSTRUCTION AND COMPLETION OF PILING, PILE CAP AND LOWEST BASEMENT WORKS AMOUNTING TO RM52,825,000.00 FROM MIGHTYPROP SDN BHD
01/07/2022 PRACTICE NOTE 17 / GUIDANCE NOTE 3 : MONTHLY ANNOUNCEMENT
01/06/2022 PRACTICE NOTE 17 / GUIDANCE NOTE 3 : MONTHLY ANNOUNCEMENT
01/06/2022 OTHERS COMINTEL CORPORATION BHD ("COMCORP" OR THE "COMPANY") ACQUISITION OF SUBSTANTIAL STAKES IN COMCORP
01/06/2022 PRACTICE NOTE 17 / GUIDANCE NOTE 3 : REGULARISATION PLAN
30/05/2022 OTHERS COMINTEL CORPORATION BHD ("Comcorp" or the "Company") ACCEPTANCE OF TWO REVISED LETTERS OF AWARD TOTALING OF RM275,440,454.00 FROM BINASTRA CONSTRUCTION (M) SDN BHD
27/05/2022 OTHERS COMINTEL CORPORATION BHD ("Comcorp" or the "Company") ACCEPTANCE OF LETTER OF AWARD FOR CONSTRUCTION AND COMPLETION OF PILING, PILE CAP AND LOWEST BASEMENT WORKS AMOUNTING TO RM42,825,000.00 FROM MIGHTYPROP SDN BHD
11/05/2022 OTHERS COMINTEL CORPORATION BHD ("Comcorp" or the "Company")