General Announcement for PLC

01/08/2022

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, 13 May 2022 and 27 July 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, 29 July 2022, the Court had struck off the Setting Aside application by the Defendant.

ii) Further, the Court allowed the Plaintiff’s Enforcement application.

 

Presently, the management of Impiana is in discussion with the Plaintiff for a settlement proposal on the outstanding sum.

 

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 1 August 2022.



Announcement Info

Company Name IMPIANA HOTELS BERHAD
Stock Name IMPIANA
Date Announced 01 Aug 2022
Category General Announcement for PLC
Reference Number GA1-01082022-00069


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