MATERIAL LITIGATION Description : Penang High Court Civil Suit No.: PA-22NCvC-216-11/2017 ("Suit 216") IRE-TEX CORPORATION BERHAD ("Ire-Tex") against Teh Eng Huat ("TEH") and Khoo Hun Sniah ("KHS")

IRE-TEX CORPORATION BERHAD

Type Announcement
Subject MATERIAL LITIGATION
Description
Description : Penang High Court Civil Suit No.: PA-22NCvC-216-11/2017 ("Suit 216") IRE-TEX CORPORATION BERHAD ("Ire-Tex") against Teh Eng Huat ("TEH") and Khoo Hun Sniah ("KHS")

Reference is made to the Company’s earlier announcement dated 4 January 2018.

Further to the aforesaid Company’s announcement, the Board of Directors of Ire-Tex wishes to inform that :-

(a)        The 1st Defendant, TEH had filed an application to set aside the Ex Parte Order (Injunction) granted on 3 January 2018 (“the 1st Defendant’s Setting Aside Application”).

(b)        The Summary Judgment Application, the Striking Out Application, the inter partes Injunction Application and the 1st Defendant’s Setting Aside Application were called up before the learned Penang High Court Judge on 8 January 2018.

The Board of Directors wish to further inform as follows :-

(a)                The Court has fixed the 1st Defendant’s Setting Aside Application for hearing together with the Injunction Application on 13 March 2018. Pending the disposal of the Injunction Application, the Court has also granted an ad interim injunction to restrain TEH from disposing his assets in accordance with the earlier terms set out in the ex parte Order.

(b)        As for the Summary Judgment Application and the Striking Out Application, the aforesaid applications will be heard at a later date after 13 March 2018. Both the Summary Judgment Application and Striking Out Application are fixed for further Case Management on 13 March 2018.

The Company will make a further announcement in respect of this matter in due course. 






Announcement Info

Company Name IRE-TEX CORPORATION BERHAD
Stock Name IRETEX
Date Announced 09 Jan 2018
Category General Announcement for PLC
Reference Number GA1-09012018-00055