Bursa Announcements

Reference is made to our announcements dated 18 July 2017 and 8 January 2018 pertaining to the Defence and Counter Claim served on TCM Stamping Products Sdn Bhd (“TCMSP” or “Plaintiff”), a wholly-owned subsidiary of Tan Chong Motor Holdings Berhad (“TCMH”), by Meka Automotive Industries Sdn Bhd (“MEKA” or “Defendant”) and TCMSP’s application for summary judgement against  MEKA and TCMSP’s application for striking out MEKA’s Defence and Counter Claim in the Kuala Lumpur High Court (“High Court”) (collectively referred to as “Applications for Summary Judgement and Striking Out against MEKA’s Defence and Counter Claim”).

TCMH wishes to inform that TCMSP has successfully obtained Order In Terms of the aforesaid Applications for Summary Judgement and Striking Out against MEKA’s Defence and Counter Claim from the High Court. Accordingly, TCMSP will, through its solicitors, proceed to file a Proof of Debt in respect of its claim against MEKA for the sum of RM319,829.00 for the supply of automotive accessories  in due course.

Further announcements will be made from time to time in respect of any material developments on this matter.

This announcement is dated 9 February 2018.