MATERIAL LITIGATION MAA GROUP BERHAD ("MAAG" OR "THE COMPANY") HIGH COURT OF MALAYA AT KUALA LUMPUR CIVIL SUIT NO. WA-22NCC-295-07/2021: EMPIRE HOLDINGS LTD (PLAINTIFF) VS ITHMAAR DEVELOPMENT COMPANY LTD ("1ST DEFENDANT"), ITHMAAR BANK B.S.C. (CLOSED) ("2ND DEFENDANT"), MAAG ("3RD DEFENDANT"), TUNKU DATO' YAACOB KHYRA ("4TH DEFENDANT") AND TURIYA BERHAD ("5TH DEFENDANT" OR "TURIYA") (COLLECTIVELY REFERRED TO AS "DEFENDANTS")
| MAA GROUP BERHAD |
| Type | Announcement |
| Subject | MATERIAL LITIGATION |
| Description | MAA GROUP BERHAD ("MAAG" OR "THE COMPANY")
HIGH COURT OF MALAYA AT KUALA LUMPUR CIVIL SUIT NO. WA-22NCC-295-07/2021:
EMPIRE HOLDINGS LTD (PLAINTIFF) VS ITHMAAR DEVELOPMENT COMPANY LTD ("1ST DEFENDANT"), ITHMAAR BANK B.S.C. (CLOSED) ("2ND DEFENDANT"), MAAG ("3RD DEFENDANT"), TUNKU DATO' YAACOB KHYRA ("4TH DEFENDANT") AND TURIYA BERHAD ("5TH DEFENDANT" OR "TURIYA") (COLLECTIVELY REFERRED TO AS "DEFENDANTS") |
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Reference is made to MAAG’s announcements dated 5 July 2021, 8 July 2021, 5 August 2021, 23 September 2021, 27 September 2021, 29 September 2021, 15 October 2021, 1 December 2021, 16 December 2021, 31 December 2021, 4 January 2022, 6 January 2022, 18 February 2022, 11 March 2022, 25 April 2022, 17 June 2022, 26 August 2022, 23 November 2022, 30 November 2022, 10 February 2023, 24 March 2023, 27 March 2023, 30 March 2023, 19 April 2023, 19 May 2023, 21 June 2023, 18 September 2023 and 11 October 2023 regarding the Writ dated 3 July 2021 filed by Empire Holdings Limited (“Empire”) against MAAG at the High Court of Malaya at Kuala Lumpur (“High Court”) (“Empire’s Suit”).
Unless otherwise stated, the terms stated herein shall have the same meaning as defined in the announcements.
The solicitors for Empire, Messrs. Zailan & Co, filed a letter to the Court of Appeal on 27 February 2024 for the Court of Appeal Case No.: W-02(NCC)(W)-511-03/2023 (“Main Suit Appeal”) and Case No.: W- 02(IM) (NCC)-441-03/2022 (“Order 14A Appeal”), to notify the Court of Appeal that the parties reached a settlement, and that they intend to record a Consent Judgment for the Main Suit Appeal and Order 14A Appeal to effect the same.
The Court of Appeal fixed a Case Management on 18 March 2024 via e-Review before Puan Haslina Binti Basarudin to address parties on the recording of the Consent Judgment for the Main Suit Appeal and the Order 14A Appeal before the panel of judges of the Court of Appeal.
MAAG was represented by its solicitors, Messrs. Deol & Gill.
During the Case Management which commenced on 18 March 2024 and concluded on 21 March 2024, the Court of Appeal fixed a hearing on 18 April 2024, 9 a.m. at the Court of Appeal, Putrajaya for parties to record the Consent Judgment for the Main Suit Appeal and Order 14A Appeal.
MAAG will make the necessary announcements as and when there are material developments, or upon receiving any direction or order from the Court of Appeal.
This announcement is dated 21 March 2024. |
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Announcement Info
| Company Name | MAA GROUP BERHAD |
| Stock Name | MAA |
| Date Announced | 21 Mar 2024 |
| Category | General Announcement for PLC |
| Reference Number | GA1-21032024-00055 |