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OTHERS MALAYSIAN GENOMICS RESOURCE CENTRE BERHAD (MGRC OR COMPANY) - APPLICATION TO STRIKE OUT DERIVATIVE PROCEEDINGS INITIATED BY A FORMER DIRECTOR OF THE COMPANY

MALAYSIAN GENOMICS RESOURCE CENTRE BERHAD

Type Announcement
Subject OTHERS
Description
MALAYSIAN GENOMICS RESOURCE CENTRE BERHAD (MGRC OR COMPANY)
- APPLICATION TO STRIKE OUT DERIVATIVE PROCEEDINGS INITIATED BY A FORMER DIRECTOR OF THE COMPANY

We refer to our announcements dated 26 October 2023, 31 October 2023, 9 November 2023 and 17 November 2023.

 

The Board of Directors (“Board”) of Malaysian Genomics Resource Centre Berhad (“MGRC” or “Company”) wish to inform that the Company has, vide the Company’s  solicitors, filed an application to strike out the leave application for derivative proceedings pursuant to Sections 347 and 348(2) of the Companies Act, 2016 at the Shah Alam High Court (Originating Summon No. BA-24NCC-135-10/2023) and Kuala Lumpur High Court (WA-24NCC-2-01/2024) initiated by Aswath A/L Ramakrishnan, a former Independent Non-Executive Director of the Company.

 

The status of the striking out application shall be updated from time to time.

 

This announcement is dated 30 April 2024.






Announcement Info

Company Name MALAYSIAN GENOMICS RESOURCE CENTRE BERHAD
Stock Name MGRC
Date Announced 30 Apr 2024
Category General Announcement for PLC
Reference Number GA1-30042024-00037



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