Bursa Announcements
News
Material Litigation
Oct 23, 2018
Type
Announcement
Subject
MATERIAL LITIGATION
Description
TENAGA NASIONAL BERHAD (COMPANY NO. 200866-W) ("TNB") VS GAMUDA WATER SDN BHD (COMPANY NO. 297031-H) ("GAMUDA WATER") SHAH ALAM HIGH COURT SUIT NO. BA-22NCVC-100-03/2018 ("TNB SUIT")
References are made to the announcements made by Gamuda Berhad (Company No. 29579-T) (“Gamuda” or “Company”) on 9 March 2018, 5 June 2018 and 13 June 2018 respectively, pertaining to the TNB Suit.
The Company wishes to inform that the solicitors representing its 80% owned subsidiary, Gamuda Water has on 23 October 2018 informed that the Shah Alam High Court has now fixed the hearing of TNB’s summary judgment application and Gamuda Water’s stay of proceedings application on 26 November 2018 pending TNB’s deliberation of the proposal settlement to be submitted by Gamuda Water to TNB.
Gamuda will make the appropriate announcements to Bursa Malaysia Securities Berhad as and when there are material developments in relation thereof and/or upon receipt of the court’s decision. Any updates on the TNB Suit including hearing dates will be disclosed in the quarterly results of the Company.
This announcement is dated 23 October 2018.
Announcement Info
Company Name
GAMUDA BERHAD
Stock Name
GAMUDA
Date Announced
23 Oct 2018
Category
General Announcement for PLC
Reference Number
GA1-23102018-00071
| Type | Announcement |
| Subject | MATERIAL LITIGATION |
| Description |
TENAGA NASIONAL BERHAD (COMPANY NO. 200866-W) ("TNB") VS GAMUDA WATER SDN BHD (COMPANY NO. 297031-H) ("GAMUDA WATER") SHAH ALAM HIGH COURT SUIT NO. BA-22NCVC-100-03/2018 ("TNB SUIT") |
|
References are made to the announcements made by Gamuda Berhad (Company No. 29579-T) (“Gamuda” or “Company”) on 9 March 2018, 5 June 2018 and 13 June 2018 respectively, pertaining to the TNB Suit. The Company wishes to inform that the solicitors representing its 80% owned subsidiary, Gamuda Water has on 23 October 2018 informed that the Shah Alam High Court has now fixed the hearing of TNB’s summary judgment application and Gamuda Water’s stay of proceedings application on 26 November 2018 pending TNB’s deliberation of the proposal settlement to be submitted by Gamuda Water to TNB. Gamuda will make the appropriate announcements to Bursa Malaysia Securities Berhad as and when there are material developments in relation thereof and/or upon receipt of the court’s decision. Any updates on the TNB Suit including hearing dates will be disclosed in the quarterly results of the Company. This announcement is dated 23 October 2018. |
|
Announcement Info
| Company Name | GAMUDA BERHAD |
| Stock Name | GAMUDA |
| Date Announced | 23 Oct 2018 |
| Category | General Announcement for PLC |
| Reference Number | GA1-23102018-00071 |