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MATERIAL LITIGATION KUALA LUMPUR HIGH COURT SUIT NO. WA-22NCC-485-09/2022 CONTRAVES ADVANCED DEVICES SDN BHD AND CONTRAVES ELECTRODYNAMICS SDN BHD -V- 1. BOUSTEAD NAVAL SHIPYARD SDN BHD 2. BOUSTEAD HEAVY INDUSTRIES CORPORATION BERHAD 3. BHIC DEFENCE TECHNOLOGIES SDN BHD 4. (DR.) SALIHIN ABANG 5. VICE ADMIRAL DATO' SYED ZAHIRUDDIN PUTRA SYED OSMAN (RETIRED)

BOUSTEAD HEAVY INDUSTRIES CORPORATION BHD

Type Announcement
Subject MATERIAL LITIGATION
Description
KUALA LUMPUR HIGH COURT SUIT NO. WA-22NCC-485-09/2022

CONTRAVES ADVANCED DEVICES SDN BHD AND CONTRAVES ELECTRODYNAMICS SDN BHD 

-V-

1.	BOUSTEAD NAVAL SHIPYARD SDN BHD 
2.	BOUSTEAD HEAVY INDUSTRIES CORPORATION BERHAD 
3.	BHIC DEFENCE TECHNOLOGIES SDN BHD 
4.	(DR.) SALIHIN ABANG 
5.	VICE ADMIRAL DATO' SYED ZAHIRUDDIN PUTRA SYED OSMAN (RETIRED)

Further to the announcements dated 2 September 2022 and 4 October 2022, the Company wishes to announce that both Contraves Advanced Devices Sdn Bhd and Contraves Electrodynamics Sdn Bhd (“the Plaintiffs”) had on 4 January 2024 filed the Notice of Discontinuance to discontinue the suit against Boustead Naval Shipyard Sdn Bhd (“BNS”), a major associate of the Company and accordingly, BNS had on 4 January 2024 withdrawn its Striking Out Application against the Plaintiffs.


The Company will announce further updates on this case from time to time.


This announcement is dated 8 January 2024.




Please refer attachment below.



Announcement Info

Company Name BOUSTEAD HEAVY INDUSTRIES CORPORATION BHD
Stock Name BHIC
Date Announced 08 Jan 2024
Category General Announcement for PLC
Reference Number GA1-08012024-00010



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