MATERIAL LITIGATION Kuala Lumpur High Court Suit No: WA-24NCC-170-05/2017 Ire-Tex Corporation Berhad vs (1) Mak Lin Kum, (2) Chin Wui Choong, (3) Ahmad Amryn Bin Abd Malek, (4) Mohd Shariff Bin Omar and (5) Tan Tong Lang

IRE-TEX CORPORATION BERHAD

Type Announcement
Subject MATERIAL LITIGATION
Description
Kuala Lumpur High Court Suit No: WA-24NCC-170-05/2017
Ire-Tex Corporation Berhad vs (1) Mak Lin Kum, (2) Chin Wui Choong, (3) Ahmad Amryn Bin Abd Malek, (4) Mohd Shariff Bin Omar and (5) Tan Tong Lang

Reference is made to the Company's announcements made on 8 May 2017, 17 May 2017, 19 May 2017, 23 May 2017 and 2 June 2017, respectively. 

The Company wishes to announce that the Court has allowed the Originating Summons¬†No. 24NCC-165-04/2017 (“165 OS”) and dismissed the Originating Summons No. 24NCC-170-05/2017 (“170 OS”). The Orders granted by the Court in respect of 165 OS are as follows:-

  1. A declaration that the Special Notice dated 1 March 2017 issued by Elite Cosmo Group Limited (“first Defendant”) to Ire-Tex Corporation Berhad (“Plaintiff”) is null and void;
  2. A declaration that the Notice of Extraordinary General Meeting of the Plaintiff dated 11 April 2017 (“Notice of EGM”) issued by the first Defendant is null and void;
  3. A declaration that the meeting which was convened on 27 April 2017 at 9.00 a.m. at Level 7, Multipurpose Hall, The Maple Suite, No. 1, Changkat Raja Chulan, 50200 Kuala Lumpur by the first Defendant by way of Notice of EGM (“the said Meeting”) is not an Extraordinary General Meeting of the Plaintiff;
  4. A declaration that any and/ or all so called resolutions which were tabled and passed at the said Meeting is/ are null and void;
  5. A declaration that Wong Youn Kin is not the company secretary of the Plaintiff;
  6. A declaration that the announcement, bearing reference number GMA-27042017-00113 posted in Bursa Malaysia Securities Berhad’s website is null and void; and
  7. A declaration that appointment of Raja Hizad Bin Raja Kamarulzaman (second Defendant) and Hamdan Bin Mohd Nor (third Defendant) as the Directors of the Plaintiff is null and void.

The issue of costs in respect of 165 OS and 170 OS is to be taken up in written submissions which are to be filed on or before 13 June 2017. The Court will give its decision on costs on 19 June 2017.






Announcement Info

Company Name IRE-TEX CORPORATION BERHAD
Stock Name IRETEX
Date Announced 05 Jun 2017
Category General Announcement for PLC
Reference Number GA1-05062017-00084