MATERIAL LITIGATION IRE-TEX CORPORATION BERHAD (Ire-Tex or the Company) -Writ of Summons and Statement of Claim by Ire-Tex against Teh Eng Huat and Khoo Hun Sniah in the High Court of Malaya at Penang (Civil Suit No.: 22NCVC-166-10/2015)

IRE-TEX CORPORATION BERHAD

Type Announcement
Subject MATERIAL LITIGATION
Description
IRE-TEX CORPORATION BERHAD (Ire-Tex or the Company)  
-Writ of Summons and Statement of Claim by Ire-Tex against Teh Eng Huat and Khoo Hun Sniah in the High Court of Malaya at Penang (Civil Suit No.: 22NCVC-166-10/2015)

For consistency, the abbreviations and capitalised terms used throughout this announcement shall have the same meanings as defined in the announcements dated 6 November 2015, 7 January 2016, 22 March 2016, 18 May 2016, 30 August 2016 and 19 September 2016 in relation to the material litigation, where applicable, unless stated otherwise or defined herein.

Further to the Company’s announcements made on 6 November 2015, 13 November 2015, 7 January 2016, 29 January 2016, 5 February 2016, 1 March 2016, 22 March 2016, 13 April 2016, 18 May 2016, 14 June 2016, 14 July 2016, 30 August 2016 and 19 September 2016, the Board of Directors of Ire-Tex wishes to inform that:-

  1. On 16 November 2016, Ire-Tex had vide its solicitors, attended the continued hearing of the discovery application and the case management of the summary judgment held at Penang High Court.
  2. During the hearing, the Judge was informed that Ire-Tex had earlier agreed to produce the Attachments to both the Defendants, provided that no cost is to be ordered against Ire-Tex. The Court proceeded to strike off the discovery application with no order as to cost.
  3. In relation to the summary judgment applications, the Second Defendant’s solicitors informed the Judge that they intend to file an affidavit in reply after perusing the Attachments.
  4. The Judge then directed as follows:-
  • all parties to exhaust their affidavits by the end of 2016; and
  • the continued hearing of the Discovery Application is fixed on 20 January 2017.

Further announcement on the development of the above matter will be made to Bursa Malaysia Securities Berhad in due course.

This announcement is dated 22 November 2016.






Announcement Info

Company Name IRE-TEX CORPORATION BERHAD
Stock Name IRETEX
Date Announced 22 Nov 2016
Category General Announcement for PLC
Reference Number GA1-22112016-00015