Material Litigation
| Type | Announcement |
| Subject | MATERIAL LITIGATION |
| Description |
Updates on Writ of Summons and Statement of Claim by Transnasional Express Sdn Bhd, Plusliner Sdn Bhd, Syarikat Kenderaan Melayu Kelantan Berhad, Syarikat Rembau Tampin Sdn Bhd, Kenderaan Langkasuka Sdn Bhd, Konsortium Transnasional Berhad and MHSB Properties Sdn Bhd against Tan Chong Industrial Equipment Sdn Bhd (Kuala Lumpur High Court Civil Suit No.:WA-22NCvC-404-08/2017) (Court of Appeal Civil Appeal No.W-02(IM)(NCVC)-92-01/2018) (Federal Court Civil Application No.08(f)-605-11/2018(W)) |
Reference is made to our announcements dated 18 August 2017, 5 January 2018, 11 January 2018, 16 November 2018 and 14 December 2018 pertaining to the Writ of Summons and Statement of Claim filed by Transnasional Express Sdn Bhd, Plusliner Sdn Bhd, Syarikat Kenderaan Melayu Kelantan Berhad, Syarikat Rembau Tampin Sdn Bhd, Kenderaan Langkasuka Sdn Bhd, Konsortium Transnasional Berhad and MHSB Properties Sdn Bhd (collectively “the Plaintiffs”) against Tan Chong Industrial Equipment Sdn Bhd (“TCIE”), a wholly-owned subsidiary of Tan Chong Motor Holdings Berhad (“TCMH”).
TCMH wishes to announce that on 7 October 2020, the Federal Court dismissed with cost TCIE’s application for leave to appeal against the decision of the Court of Appeal on 15 November 2018 regarding TCIE’s application to strike out the Plaintiffs’ claim. The full trial of the matter is fixed on 22 December 2020 to 24 December 2020.
TCIE will be discussing the above matter with their solicitors on the next course of action. Further announcement will be made from time to time in respect of any material developments on this matter.
This announcement is dated 8 October 2020.
Announcement Info
| Company Name | TAN CHONG MOTOR HOLDINGS BERHAD |
| Stock Name | TCHONG |
| Date Announced | 08 Oct 2020 |
| Category | General Announcement for PLC |
| Reference Number | GA1-08102020-00068 |