The Board of Directors of EKA wishes to announce that Kilang Bihun Bersatu Sdn Bhd (KBBSB), a wholly-owned subsidiary of EKA had, on 12 March 2015 been served with the Writ of Summon and Statement of Claims, both dated 03 March 2015 issued by the Session Court of Butterworth, Pulau Pinang in relation to the claims filed by the Plaintiff through a firm of lawyers acting on its behalf.
The Court had commanded KBBSB within 14 days do cause an appearance to be entered in a cause at the suit of the Plaintiff.
Particulars of claim and circumstances leading to filing of the Writ of Summon dated 03 March 2015
The Plaintiffs seeks against KBBSB for the following :
1) the sum of RM1,378,500.00;
2) interest of 5% per annum on the outstanding sum from 03 March 2015 until final and full payment;
3) costs of this action; and
4) further or other relief as the Court deems fit and proper to grant.
KBBSB had failed to settle the outstanding rental since 01 February 2011 and/or removing its machineries installed at the premises of the Plaintiff known as No. 5802, Lahar Kepar, 13200 Kepala Batas, Pulau Pinang. The Plaintiff filed the Writ of Summon to claim two (2) times of the outstanding rental from KBBSB and to deliver vacant possession of the premises.
Financial Impact
The material litigation will not have any material financial impact on Group.
Operational Impact
The material litigation will not have any operational impact on Group.
Expected losses to the Group, if any
KBBSB is exposed to the claims, interests and legal expenses as stated above.
KBBSB will be appointing a lawyer for case management.
This announcement is dated 13 March 2015.