Sunday, July 28, 2013

KPJ > announcement > material litigation

Company NameKPJ HEALTHCARE BERHAD  
Stock NameKPJ    
Date Announced26 Jul 2013  

MATERIAL LITIGATION 

TypeAnnouncement
SubjectMATERIAL LITIGATION
Description
Johor Bahru High Court Writ Summons
No : 23NCVC-74-05/2012
Plaintiffs : Dr Mohd Adnan Bin Sulaiman
Azizan Bin Sulaiman
Defendant : Kumpulan Perubatan (Johor) Sdn Bhd ("The Company")
This announcement is in respect of Johor Bahru High Court Writ Summons No.23NCVC-74-05/2012 filed by Plaintiffs against The Company wherein the Plaintiffs alleged that the Defendant had breached the Joint Venture Agreement Incorporating Shareholders' Agreement dated 30.5.1995.

The Company wishes to announce that the Honourable Judge Abdul Rahman Bin Sebli on 26.7.2013 allowed the Plaintiffs claim against the Defendant and awarded the sum of   RM 70.486 million   as damages and costs for the sum of RM 150,000.00.

The Company has instructed its solicitors, Messrs Zainal Abidin & Co to file an Appeal at the Court of Appeal against the said Judgement.


*note : KPJ closed at RM 7.25 on friday 26.7.2013

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