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 refers to its announcement of 8 May 2017. On 16 May 2017, OS 165 and OS 170 were heard together and the learned Judge had fixed 18 May 2017 as the case management date to advise the parties as to date of decision for OS 165 and OS 170. OS 152 has also been fixed for case management on the same date.

The Plaintiff in OS 170, which is the Company, as represented by Messrs Vinu & Lopez pursuant to the instructions of the alleged new board comprising Y.M. Raja Hizad bin Kamarulzaman, En. Hamdan bin Mohd Nor, Dato’ Dr Yap Tatt Keat, Kong Hon Kay, Dato’ Haji Amirruddin bin Jamaluddin and Christopher Purcell had indicated their intention to pursue an injunction application on 18 May 2017. For the avoidance of doubt the Company does not recognise the alleged new board as a valid board of the Company, save for Dato' Dr Yap Tatt Keat and Kong Hon Kay who are existing Directors.

This announcement is dated 17 May 2017.






Announcement Info

Company Name IRE-TEX CORPORATION BERHAD
Stock Name IRETEX
Date Announced 17 May 2017
Category General Announcement for PLC
Reference Number GA1-17052017-00075