MATERIAL LITIGATION IRE-TEX CORPORATION BERHAD (IRETEX or the Company) Kuala Lumpur High Court Suit No: 24NCC-165-04/2017 Ire-Tex Corporation Berhad vs Elite Cosmo Group Limited, Raja Hizad Bin Raja Kamarulzaman and Hamdan Bin Mohd Nor

IRE-TEX CORPORATION BERHAD

Type Announcement
Subject MATERIAL LITIGATION
Description
IRE-TEX CORPORATION BERHAD (IRETEX or the Company)  Kuala Lumpur High Court Suit No: 24NCC-165-04/2017  Ire-Tex Corporation Berhad vs Elite Cosmo Group Limited, Raja Hizad Bin Raja Kamarulzaman and Hamdan Bin Mohd Nor

The Company had on 28 April 2017 filed an Originating Summons against Elite Cosmo Group Limited (“1st Defendant”), Raja Hizad bin Raja Kamarulzaman (“2nd Defendant”) and En Hamdan bin Mohd Nor (“3rd Defendant”) (Collectively referred to as “the Defendants”) under Kuala Lumpur High Court Originating Summons No. 24NCC-165-04/2017.

The High Court had on 3 May 2017 granted the following orders pursuant to the ex-parte application made by the Company.

  1. The Defendants, whether by their servants, agents and/or representatives, be and is hereby restrained from giving effect to, taking any steps to give effect to, implement or otherwise cause to be implemented, the resolutions purported to be passed at a meeting held on 27 April 2017, which meeting was called by the 1st Defendant by the giving of a notice dated 11 April 2017;
  2. The 2nd Defendant and 3rd Defendant, whether by their servants, agents and/or representatives, be restrained, from representing to any person or otherwise holding themselves out, as directors of the Plaintiff;
  3. The 2nd Defendant and 3rd Defendant, whether by their servants, agents and/or representatives, be restrained from appointing themselves or any other persons as bank signatories of the Plaintiff or otherwise operating any bank account of the Plaintiff.

The Originating Summons is not expected to have any material financial impact on the Company.

This announcement is dated 3 May 2017.






Announcement Info

Company Name IRE-TEX CORPORATION BERHAD
Stock Name IRETEX
Date Announced 03 May 2017
Category General Announcement for PLC
Reference Number GA1-03052017-00102