General Announcement for PLC

27/07/2022

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, 30 March 2022, 9 May 2022 and 13 May 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 Board of Directors of Impiana Hotels Berhad wishes to announce that Impiana Cherating’s solicitor had informed the Company on the following development of the case:-

 

i. During the Hearing held on 26 July 2022, the Court held that it will not proceed with the Defendant’s setting aside application.

 

ii. Further, the Court has directed Defendant to make payment of the Adjudication Sum amounting to RM1,947,37.18 to Plaintiff by 29 July 2022 failing which the Court will strike out the Defendant’s setting aside application and allow the Plaintiff’s Enforcement application at the next Hearing date on 29 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 27 July 2022.



Announcement Info

Company Name IMPIANA HOTELS BERHAD
Stock Name IMPIANA
Date Announced 27 Jul 2022
Category General Announcement for PLC
Reference Number GA1-27072022-00046


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