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MATERIAL LITIGATION Update on Legal Proceedings between MSM Sugar Refinery (Johor) Sdn Bhd and Gas Malaysia Energy and Services Sdn Bhd vide Kuala Lumpur High Court, Civil Suit No. WA-22NCC-578-11/2022 ("the Writ Action") - Settlement Out of Court

MSM MALAYSIA HOLDINGS BERHAD

Type Announcement
Subject MATERIAL LITIGATION
Description
Update on Legal Proceedings between MSM Sugar Refinery (Johor) Sdn Bhd and Gas Malaysia Energy and
Services Sdn Bhd vide Kuala Lumpur High Court, Civil Suit No. WA-22NCC-578-11/2022 ("the Writ Action")
- Settlement Out of Court

Further to the announcements dated 10 November 2022 and 8 December 2022, MSM Malaysia Holdings Berhad (“MSMH” or “the Company”) wishes to announce the status of the Writ Action involving its wholly-owned subsidiary, MSM Sugar Refinery (Johor) Sdn Bhd (“MSM Johor”) and Gas Malaysia Energy and Services Sdn Bhd (“GMES”) as follows:

  1. That the parties to Writ Action have mutually agreed to discontinue the proceedings inter se themselves and Notices of Discontinuance to that effect have been filed in the Kuala Lumpur High Court on 1 November 2023 to signify the conclusion of the Writ Action with each party to bear its own costs and without liberty to file afresh; and
  2. There is no potential liability, financial and operational impact to the Company and the MSM group of companies.

This announcement is dated 2 November 2023.






Announcement Info

Company Name MSM MALAYSIA HOLDINGS BERHAD
Stock Name MSM
Date Announced 02 Nov 2023
Category General Announcement for PLC
Reference Number GA1-31102023-00020



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