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MATERIAL LITIGATION IDIMENSION CONSOLIDATED BHD. ('ICB' OR 'THE COMPANY') - WRIT AND STATEMENT OF CLAIM SERVED ON IDB INTERACTIVE SDN. BHD. ('IDB'), A WHOLLY-OWNED SUBSIDIARY OF ICB

IDIMENSION CONSOLIDATED BHD

Type Announcement
Subject MATERIAL LITIGATION
Description
IDIMENSION CONSOLIDATED BHD. ('ICB' OR 'THE COMPANY') - WRIT AND STATEMENT OF CLAIM SERVED ON IDB INTERACTIVE SDN. BHD. ('IDB'), A WHOLLY-OWNED SUBSIDIARY OF ICB

(Unless otherwise defined, capitalised terms used in this announcement have the same meanings as those given to them in the Initial Announcements dated 6 September 2018, 18 September 2018, 31 October 2018, 21 November 2018, 12 December 2018, 13 February 2019, 28 February 2019 and 20 March 2019)

 

Further to the Company’s announcements on 6 September 2018, 18 September 2018, 31 October 2018, 21 November 2018, 12 December 2018, 13 February 2019, 28 February 2019 and 20 March 2019 as regards Kuala Lumpur High Court (Commercial Division) Civil Suit No. WA-22NCC-392-09/2018 (‘Suit 392’), the Company wishes to update that when parties appeared before the High Court this morning, the solicitors representing the 1st to 3rd Defendants in the counterclaim informed the High Court that parties had consented to transfer Kuala Lumpur High Court (Commercial Division) Civil Suit No. WA-22NCC-194-5/2018 (‘Suit 194’) to the High Court for Suit 392. IDB consequently proceeded to record, with the consent of the other parties in Suit 392, the withdrawal of IDB’s application to transfer Suit 392 to be heard together with Suit 194 with no order as to costs.

 

The High Court vacated the case management previously fixed on 8 April 2019 and fixed a further case management on 17 April 2019 for parties to address both Suit 194 and Suit 392.

 

The Company will make further announcements in relation to any material developments in this matter periodically.

 

This announcement is dated 27 March 2019.






Announcement Info

Company Name IDIMENSION CONSOLIDATED BHD
Stock Name IDMENSN
Date Announced 27 Mar 2019
Category General Announcement for PLC
Reference Number GA1-27032019-00065



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