General Announcement for PLC

09/05/2022

MATERIAL LITIGATION IMPIANA HOTELS BERHAD ("IMPIANA" OR "THE COMPANY") HIGH COURT OF MALAYA KUALA LUMPUR ORIGINATING SUMMONS NO. WA-26C-68-03/2022 AXVENTURE SDN BHD ("PLAINTIFF") AND IMPIANA CHERATING SDN BHD ("DEFENDANT")

IMPIANA HOTELS BERHAD

Type Announcement
Subject MATERIAL LITIGATION
Description 
IMPIANA HOTELS BERHAD ("IMPIANA" OR "THE COMPANY")
HIGH COURT OF MALAYA KUALA LUMPUR ORIGINATING SUMMONS NO. WA-26C-68-03/2022
AXVENTURE SDN BHD ("PLAINTIFF") AND IMPIANA CHERATING SDN BHD ("DEFENDANT")

We refer to the Company's announcements made on 6 January 2022, 7 February 2022, 18 March 2022 and 30 March 2022 in relation to the adjudication claim filed by Axventure Sdn Bhd (“Claimant”) against the Company’s wholly-owned subsidiary, Impiana Cherating Sdn Bhd (“Impiana Cherating”).

 

The Company would like to announce that under the advisement of the Court, Impiana Cherating had filed a Notice of Application for a stay of the Claimant’s Adjudication Decision pursuant to Section 16(1)(a) of the CIPA Act, pending disposal of enclosure raised by Impiana Cherating premised on Section 15 of the CIPA Act on 29 April 2022. The Court had fixed 13 May 2022 for case management.

 

In respect of both of the Setting Aside Application on the Adjudication Decision and the enforcement of the Adjudication Decision filed by Axventure (“Execution Application”), the Court has directed for the written submissions in respect of both applications to be filed by 5 July 2022 and the hearing for both applications to be heard on 26 July 2022.

 

The Company will make the necessary announcements to Bursa Malaysia Securities Berhad as and when there are further developments in relation thereof.

 

This announcement is dated 9 May 2022.



Announcement Info

Company Name IMPIANA HOTELS BERHAD
Stock Name IMPIANA
Date Announced 09 May 2022
Category General Announcement for PLC
Reference Number GA1-09052022-00039


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