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MATERIAL LITIGATION MATERIAL LITIGATION PURSUANT TO PARAGRAPH 9.03 OF THE BURSA MALAYSIA SECURITIES BERHAD MAIN MARKET LISTING REQUIREMENTS IN RESPECT OF THE "AH HUAT" TRADEMARK IN INDONESIA.

POWER ROOT BERHAD

Type Announcement
Subject MATERIAL LITIGATION
Description
MATERIAL LITIGATION PURSUANT TO PARAGRAPH 9.03 OF THE BURSA MALAYSIA SECURITIES BERHAD MAIN MARKET LISTING REQUIREMENTS IN RESPECT OF THE "AH HUAT" TRADEMARK IN INDONESIA.

Reference is made to the Company’s announcement dated 3 January 2024 (“3 January Announcement”). Unless otherwise defined, capitalised terms used throughout this announcement shall have the same meaning ascribed to them in the 3 January Announcement.

Power Root Berhad (“Company”) wishes to announce, with respect to the ongoing dispute with CV Ego as detailed in the 3 January Announcement, that its wholly-owned subsidiaries, PRM, PRMFG, PRMK and PT Natbio Marketing (“Subsidiaries”) have reached an amicable out-of-court settlement with CV Ego in accordance with a settlement agreement executed between CV Ego and the Subsidiaries (“SA”) and a trademark assignment agreement executed between PRM and CV Ego (“TAA”) on 7 May 2024.

Please refer to the attached file for details of the announcement.  

This announcement is dated 7 May 2024.




Please refer attachment below.



Announcement Info

Company Name POWER ROOT BERHAD
Stock Name PWROOT
Date Announced 07 May 2024
Category General Announcement for PLC
Reference Number GA1-07052024-00039



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