Further to the updates on material litigation in the 1st quarterly report for the financial period ended 30 June 2013 announced on 16 August 2013, the Board of Directors of Diversified Gateway Solutions Berhad wishes to inform that the Arbitrator had on 6 September 2013 issued a Consent Award setting out the following agreed terms between the parties :
(i) ISS (M)s claim is withdrawn with no liberty to file afresh;
(ii) TSHs counterclaim is withdrawn with no liberty to file afresh;
(iii) the arbitrators fees and any other administrative costs payable to the Kuala Lumpur Regional Centre for Arbitration in relation to the
arbitration shall be borne in equal proportions between the parties; and
(iv) both parties shall bear their own costs of the arbitration.
This announcement is dated 10 September 2013.