• RM576 Save up to RM288 with the Yearly Premium Plan (Limited Time Only)
  • RM480 Save up to RM240 with the Yearly Advanced Plan (Limited Time Only)
Subscribe Now
premium Subscription Plan
add free StockBiz
YouTube MS Production

Last Price Change Volume
Open: Day Range: Prev Close:


MATERIAL LITIGATION STRAITS ENERGY RESOURCES BERHAD ("STRAITS" OR "THE COMPANY") MATERIAL LITIGATION PURSUANT TO PARAGRAPH 9.04(F) OF THE ACE MARKET LISTING REQUIREMENT HIGH COURT OF MALAYA, KUALA LUMPUR 1) ING BANK N.V 2) O.W. BUNKER FAR EAST (SINGAPORE) PTE LTD VS TUMPUAN MEGAH DEVELOPMENT SDN. BHD. (TMD)

STRAITS ENERGY RESOURCES BERHAD

Type Announcement
Subject MATERIAL LITIGATION
Description
STRAITS ENERGY RESOURCES BERHAD ("STRAITS" OR "THE COMPANY")

MATERIAL LITIGATION PURSUANT TO PARAGRAPH 9.04(F) OF THE ACE MARKET LISTING REQUIREMENT

HIGH COURT OF MALAYA, KUALA LUMPUR

1) ING BANK N.V 
2) O.W. BUNKER FAR EAST (SINGAPORE) PTE LTD 

VS

TUMPUAN MEGAH DEVELOPMENT SDN. BHD. (TMD)

We refer to our announcements dated 14 April 2021, 16 April 2021, 28 April 2021, 4 June 2021 and 20 November 2023 (“Announcements”) in respect of the above.

 

For consistency purposes, the abbreviations and definitions used throughout this announcement are the same as those previously defined in the Announcements.

 

The Board wishes to update that TMD’s Solicitors had on 6 February 2024 informed the Company that pursuant to a Motion for Leave to Appeal at the Federal Court by ING Bank and OWB, the Federal Court had given the following directions in the case management held on 5 February 2024:-

 

a) written submissions, common core bundle and executive summary (if necessary) to be filed by 15 May 2024;

 

b) a case management on 16 May 2024 to monitor the filing of documents for the hearing on 16 May 2024;

 

c) hearing on 30 May 2024.

 

TMD’s Solicitors had also informed the Company that a case management has been fixed on 20 February 2024 to fix a hearing date for an application to stay the proceedings in the High Court pending the decision of Federal Court.

 

The Company shall continue to make announcement on the material development of the case from time to time accordingly.

 

This announcement is dated 7 February 2024.






Announcement Info

Company Name STRAITS ENERGY RESOURCES BERHAD
Stock Name STRAITS
Date Announced 07 Feb 2024
Category General Announcement for PLC
Reference Number GA1-07022024-00070



Close
New Feature
MS Academy
AI StockMaster. Beat The Market! Checking MS Signal
DETECT REAL-TIME STOCK MOVEMENT
X
(InvestorPro Plan Only)
Complimentary access on Premium Plan*
What is AI StockMaster?
Window Alert On-Screen Alert X
X