Bursa Announcements

Updates On Bills Of Demand From Royal Malaysian Customs Department

Reference is made to the Company’s announcements dated 27 May 2020, 13 August 2020 and 24 August 2020 in relation to the Bills of Demand received by Tan Chong Motor Assemblies Sdn Bhd (“TCMA”), a subsidiary of the Company, from Royal Malaysian Customs Department (“RMCD”) (“Bills of Demand”).

The Board of Directors wishes to announce that on 3 September 2020, the Shah Alam High Court renewed the interim stay of all further proceedings including the enforcement of the Bills of Demand which was previously granted on 21 August 2020. The High Court has fixed the hearing of the leave application on 25 November 2020.

The Company will update material developments on the above matter from time to time.

This announcement is dated 3 September 2020.

Announcement Info