General Announcement for PLC

18/03/2022

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 announcement made on 6 January 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”) and the Adjudication Decision delivered in respect of the claim on 7 February 2022.


The Company would like to announce that the Claimant has proceeded to file an Originating Summons in Court to register and enforce the Adjudication Decision against Impiana Cherating after rejecting the Claimant’s proposed settlement plan.


The Defendant intends to oppose the Plaintiff’s application and will be filing an affidavit in reply to Court by 30 March 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 18 March 2022.



Announcement Info

Company Name IMPIANA HOTELS BERHAD
Stock Name IMPIANA
Date Announced 18 Mar 2022
Category General Announcement for PLC
Reference Number GA1-18032022-00052


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