MATERIAL LITIGATION MALAYSIA PACIFIC CORPORATION BERHAD ("MPCORP" OR "THE COMPANY") SHAH ALAM HIGH COURT SUIT NO. BA-21NCVC-86-08/2021 BETWEEN KERAJAAN MALAYSIA ("PLAINTIFF") AND MALAYSIA PACIFIC CORPORATION BERHAD ("DEFENDANT")
| MALAYSIA PACIFIC CORPORATION BERHAD |
| Type | Announcement |
| Subject | MATERIAL LITIGATION |
| Description | MALAYSIA PACIFIC CORPORATION BERHAD ("MPCORP" OR "THE COMPANY")
SHAH ALAM HIGH COURT SUIT NO. BA-21NCVC-86-08/2021 BETWEEN KERAJAAN MALAYSIA ("PLAINTIFF") AND MALAYSIA PACIFIC CORPORATION BERHAD ("DEFENDANT") |
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Reference is made to the announcements dated 6 September 2021, 13 September 2021, 17 December 2021, 7 January 2022, 9 February 2022, 29 April 2022, 30 May 2022 and 20 June 2022 made by MPCORP. The terms herein shall bear the same meaning as defined in the said announcement.
The Board of Directors of MPCORP wishes to inform that the Parties had attended the Case Management held on 6 July 2022 to update the Court on the status of settlement between the Parties. The settlement has been reached where the Defendant’s application for twelve months instalments payment for the arrears of the Real Property Gains Tax and the waiver of the 10% increase under Section 21(4) Real Property Gains Tax 1976 has been approved by the Director General of the Inland Revenue.
The Court noted on the above and had fixed a Hearing on 20 July 2022 via e-review for the Consent Judgement to be recorded.
The Company will announce further development pertaining to the above matters as and when necessary.
This announcement is dated 7 July 2022. |
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Announcement Info
| Company Name | MALAYSIA PACIFIC CORPORATION BERHAD |
| Stock Name | MPCORP |
| Date Announced | 07 Jul 2022 |
| Category | General Announcement for PLC |
| Reference Number | GA1-07072022-00019 |