MPHBCAP

1.690

(%)

MATERIAL LITIGATION MPHB Capital Berhad ("MPHB Capital" or "Company") Legal suit filed by ISM Sendirian Berhad ("ISM" or "Plaintiff") against the Company and its subsidiaries, namely, Multi-Purpose Shipping Corporation Sdn Bhd, Queensway Nominees (Asing) Sdn Bhd, Queensway Nominees (Tempatan) Sdn Bhd, West-Jaya Sdn Bhd, Mulpha Kluang Maritime Carriers Sdn Bhd and Leisure Dotcom Sdn Bhd ("Subsidiaries") as well as its respective directors (collectively referred to hereinafter as "Defendants")

MPHB CAPITAL BERHAD

Type Announcement
Subject MATERIAL LITIGATION
Description
MPHB Capital Berhad ("MPHB Capital" or "Company")
Legal suit filed by ISM Sendirian Berhad ("ISM" or "Plaintiff") against the Company and its subsidiaries, namely, Multi-Purpose Shipping Corporation Sdn Bhd, Queensway Nominees (Asing) Sdn Bhd, Queensway Nominees (Tempatan) Sdn Bhd, West-Jaya Sdn Bhd, Mulpha Kluang Maritime Carriers Sdn Bhd and Leisure Dotcom Sdn Bhd ("Subsidiaries") as well as its respective directors (collectively referred to hereinafter as "Defendants")

Kuala Lumpur High Court Civil Suit No. WA-22NCC–68–02/2016 [consolidated with Kuala Lumpur High Court Civil Suit Nos. WA-22NCC–69–02/2016, WA-22NCC–70–02/2016, WA-22NCC–71–02/2016 and WA-22NCC–72–02/2016], Court of Appeal Civil Appeal No. W-02(NCC)(W)-1220-07/2019 (“Plaintiff’s Appeal”) and Court of Appeal Civil Appeal No. W-02(NCC)(W)-1341-07/2019 (“Defendants’ Appeal”)

 

Reference is made to the Company’s announcement dated 21 October 2024 on the above matters.

 

The Company wishes to announce the following:

 

  1. The Plaintiff had on 18 November 2024 filed 2 applications for leave to appeal to the Federal Court relating to the Court of Appeal’s decision in respect of the Plaintiff’s Appeal and the Defendants’ Appeal.
  2. The Plaintiff had separately on 20 November 2024 filed an application in the Court of Appeal for a stay of execution of the Court of Appeal’s judgment in the Defendants’ Appeal.

 

This announcement is dated 21 November 2024.

 






Announcement Info

Company Name MPHB CAPITAL BERHAD
Stock Name MPHBCAP
Date Announced 21 Nov 2024
Category General Announcement for PLC
Reference Number GA1-21112024-00018