Kuala Lumpur High Court Guaman No. 22IP-5-03/2015 Writ of Summon and Statement of Claim - Capital Market Risk Advisor Sdn. Bhd. ("Writ of Summon") - General Announcement - Malaysia Data

4,798,267,200

1,903,738,752

497

616

4,274

3,732

280,646

General Announcement

03/04/2015

Kuala Lumpur High Court Guaman No. 22IP-5-03/2015 Writ of Summon and Statement of Claim - Capital Market Risk Advisor Sdn. Bhd. ("Writ of Summon")

EXCEL FORCE MSC BERHAD

Type	Reply to query
Reply to Bursa Malaysia's Query Letter - Reference ID	NM-150402-41862
Subject	Kuala Lumpur High Court Guaman No. 22IP-5-03/2015 Writ of Summon and Statement of Claim - Capital Market Risk Advisor Sdn. Bhd. ("Writ of Summon")
Description	Kuala Lumpur High Court Guaman No. 22IP-5-03/2015 Writ of Summon and Statement of Claim - Capital Market Risk Advisor Sdn. Bhd.
Query Letter Contents	We refer to your Company's announcement dated 1 April 2015 in respect of the above matter. In this connection, kindly furnish Bursa Malaysia Securities Berhad ("Bursa Securities") with the following additional information for public release:- (1) The date on which the Writ of Summon was served on Capital Market Risk Adviser Sdn Bhd ("CMRA"); (2) The details of the default or circumstances leading to initiation of the Writ of Summon against CMRA. (3) The particulars of the claim under the Writ of Summon, including the amount claimed for and the interest rate. (4) The financial and operational impact of the Writ of Summon on Excel Force MSC Berhad group. Please furnish Bursa Securities with your reply via an announcement within one (1) market day from the date hereof. Yours faithfully TAN YEW ENG Vice President, Issuers Listing Division, Regulation TYE/NMA copy to:- General Manager & Head, Market Surveillance Department, Market Oversight Division, Securities Commission (via fax)
Further to the announcement made on 1 April 2015, the Company wishes to furnish the following additional information:- 1. The Writ of Summon was served on the office of the Solicitors for Capital Market Risk Advisor Sdn. Bhd. (CMRA) on the 26 March 2015 afternoon at 4.25 p.m. 2. From the Statement of Claim (SOC) pleaded, it would appear that Risk-X Sdn. Bhd. (Plaintiff) is alleging that the 2^nd, 3^rd and 4^th Defendants who were the ex-employees of the Plaintiff have taken, adopted, copied or passed off the software known as ORMS V6 to be used and marketed by CMRA which allegation is denied and would be strenuously resisted. 3. In the SOC, the Plaintiff is claiming to restrain CMRA from using, selling or trading computer program software similar to computer program identified as ORMS V6 and to restrain CMRA from using ORMS V6 and declare the "pass off" of the said program as that of CMRA. The Plaintiff has claimed for general damages to be assessed and specific and exemplary damages without any quantification in their prayer and no interest was claimed. 4. The Company does not foresee any impact on the financial and operational position of the Company. The Company wishes to inform that the Plaintiff has on the 3 April 2015 served a Notice of Application (Ex-parte) to restrain CMRA from using, selling and dealing with ORMS V6 and to restrain the 2^nd, 3^rd and 4^th Defendants from continuing their employment with CMRA. The Kuala Lumpur High Court has ordered the application to be heard inter-parte and gave direction for parties to file affidavits. The hearing of the Notice of Application has been fixed on 11 May 2015. No ad interim order was made pending the hearing of the Notice of Application (Inter-parte). This announcement is dated 3 April 2015.

Announcement Info

Company Name	EXCEL FORCE MSC BERHAD
Stock Name	EFORCE
Date Announced	3 Apr 2015
Category	General Announcement
Reference No	CC-150403-EB839

Related Announcements for EFORCE

Date	Title
01/04/2015	OTHERS Kuala Lumpur High Court Guaman No. 22IP-5-03/2015 Writ of Summon and Statement of Claim - Capital Market Risk Advisor Sdn. Bhd.
11/11/2014	OTHERS INVESTMENT IN A NEW SUBSIDIARY, WINVEST GLOBAL SDN. BHD.
25/07/2014	DEALINGS IN LISTED SECURITIES (CHAPTER 14 OF LISTING REQUIREMENTS): DEALINGS OUTSIDE CLOSED PERIOD
25/07/2014	DEALINGS IN LISTED SECURITIES (CHAPTER 14 OF LISTING REQUIREMENTS): DEALINGS OUTSIDE CLOSED PERIOD
24/07/2014	MULTIPLE PROPOSALS EXCEL FORCE MSC BERHAD (“EXCEL FORCE” OR “COMPANY”) (I) PROPOSED BONUS ISSUE OF WARRANTS; (II) PROPOSED INCREASE IN AUTHORISED SHARE CAPITAL; AND (III) PROPOSED M&A AMENDMENTS (COLLECTIVELY REFERRED TO AS THE “PROPOSALS”)
16/07/2014	DEALINGS IN LISTED SECURITIES (CHAPTER 14 OF LISTING REQUIREMENTS): DEALINGS OUTSIDE CLOSED PERIOD
04/07/2014	OTHERS PROPOSED INVESTMENT IN WINVEST GLOBAL SDN. BHD.
02/07/2014	DEALINGS IN LISTED SECURITIES (CHAPTER 14 OF LISTING REQUIREMENTS): DEALINGS OUTSIDE CLOSED PERIOD
01/07/2014	MULTIPLE PROPOSALS EXCEL FORCE MSC BERHAD (“EXCEL FORCE” OR “COMPANY”) (I) PROPOSED BONUS ISSUE OF WARRANTS; (II) PROPOSED INCREASE IN AUTHORISED SHARE CAPITAL; AND (III) PROPOSED M&A AMENDMENTS (COLLECTIVELY REFERRED TO AS THE “PROPOSALS”)
22/05/2014	MULTIPLE PROPOSALS EXCEL FORCE MSC BERHAD (“EXCEL FORCE” OR “COMPANY”) (I) PROPOSED BONUS ISSUE OF WARRANTS; (II) PROPOSED INCREASE IN AUTHORISED SHARE CAPITAL; AND (III) PROPOSED M&A AMENDMENTS (COLLECTIVELY REFERRED TO AS THE “PROPOSALS”)