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 and 18 May 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 and 14 July 2016, the Board of Directors of Ire-Tex wishes to inform that, at the hearing which was held at the Penang High Court on 15 August 2016, the First Defendant had requested for the attachments of the Plaintiff’s letter dated 23 September 2015 in relation to its reply to Bursa Malaysia Securities Berhad on the Deviation between the Audited and Unaudited Results for the financial year ended 31 December 2014 (“Attachments”) to be produced to the First Defendant. The Court had asked whether the Plaintiff was agreeable to produce the Attachments and fixed a continued hearing date on 25 August 2016 for both the Plaintiff and the First Defendant to consider whether an agreement can be reached between both parties.

At the continued hearing which was held on 25 August 2016, the Company’s solicitors informed the Court that the Plaintiff was not agreeable to produce the Attachments as they are irrelevant to the above suit. The Court then ordered the Attachments to be sent to His Lordship for decision as to whether they are relevant to the suit and whether they should be produced to the First Defendant.

The Court proceeded to fix the next hearing date of the Discovery Application on 13 September 2016. On this day, the Court will also fix a hearing date for the Summary Judgment Applications, which have been earlier filed by the Plaintiff against the Defendants.

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

This announcement is dated 30 August 2016.






Announcement Info

Company Name IRE-TEX CORPORATION BERHAD
Stock Name IRETEX
Date Announced 30 Aug 2016
Category General Announcement for PLC
Reference Number GA1-30082016-00128