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

Further to the announcement made on 3 May 2017, the ex-parte order made under Kuala Lumpur High Court Originating Summons No. 24NCC-165-04/2017 (“the 165 OS”) was today set aside by the Court upon the application of Elite Cosmo Group Limited, Raja Hizad and Hamdan bin Mohd Nor.

This morning, it was disclosed to the Company’s solicitors that an Originating Summons was filed, purportedly by Ire-tex Corporation Berhad against Mak Lin Kum, Chin Wui Choong, Ahmad Amryn  bin Abd Malek, Dato’ Seri Shariff Omar and Tan Tong Lang under Kuala Lumpur High Court Originating Summons No. 24NCC-170-05/2017 (“The 170 OS”).

The 170 OS sought the following orders:

  1. A declaration that the 1st to 4th Defendants were removed and ceased to be directors of the Plaintiff as at 27 April 2017 pursuant to the resolutions of the EGM called under s.313 of the Companies Act, 2016.
  2. A permanent injunction that the 1st to 4th Defendants and each of them be restrained from holding themselves out as directors of the Plaintiff and/or otherwise inter-meddling or interfering in the Plaintiff’s business or management affairs, either by themselves, or their agents, employees, or servants or otherwise howsoever.
  3. A permanent injunction to restrain the Defendants and each of them by themselves, or their agents, employees, or servants from making or causing to be made any announcements or statements in the Plaintiff’s name or on behalf of the Plaintiff to Bursa Malaysia Berhad, members of the public, members of the Plaintiff, or employees of the Plaintiff.
  4. That the 5th Defendant do take all necessary steps to submit notices of his termination as secretary of the Plaintiff to Bursa Malaysia Berhad and the Companies Commission of Malaysia, and to forthwith deliver to HMC Corporate Services Sdn Bhd the user name and password or provide such other authorities or letters of clearance in order for the said HMC Corporate Services Sdn Bhd to access the Bursa LINK System on behalf of the Plaintiff.
  5. Damages to be assessed by the Court.
  6. Costs
  7. Any other relief.

The 165 OS and the 170 OS have been fixed to be heard on 8 May 2017 at 3.00 p.m. before Y.A. Datuk Lau Bee Lan.

This announcement is dated 4 May 2017.






Announcement Info

Company Name IRE-TEX CORPORATION BERHAD
Stock Name IRETEX
Date Announced 04 May 2017
Category General Announcement for PLC
Reference Number GA1-04052017-00050