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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, 4 October 2022 and 8 January 2024, the Board of Directors (“Board”) of Boustead Heavy Industries Corporation Berhad (“BHIC” or “the Company”) wishes to announce that on 8 February 2024, the High Court of Malaya at Kuala Lumpur allowed BHIC’s and BHIC Defence Technologies Sdn Bhd’s (“BHIC DT”) application to strike out the claim brought by Contraves Advanced Devices Sdn Bhd (“CAD”) and Contraves Electrodynamics Sdn Bhd (“CED”) against BHIC and BHIC DT with costs of RM15,000.00 to be paid personally by Sylvia Sinniah to BHIC and BHIC DT. The Judge also allowed (Dr.) Salihin Abang’s (“Dr. Salihin”) and Vice Admiral Dato’ Syed Zahiruddin Putra Syed Osman’s (Retired) (“Dato’ Syed Zahiruddin”) application to strike out the claim brought by CAD and CED against them with costs of RM15,000.00 to be personally paid by Sylvia Sinniah to Dr. Salihin and Dato’ Syed Zahiruddin.

 

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

 

This announcement is dated 8 February 2024.

 

Please refer attachment below.




Please refer attachment below.



Announcement Info

Company Name BOUSTEAD HEAVY INDUSTRIES CORPORATION BHD
Stock Name BHIC
Date Announced 08 Feb 2024
Category General Announcement for PLC
Reference Number GA1-08022024-00038



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