MENU

BURSA ANNOUNCEMENTS

Date : 22 August 2011

MATERIAL LITIGATION Taliworks Corporation Berhad ("Taliworks") (i) Kuala Lumpur High Court Civil Suit No. S3-22-582-2008) Plaintiff : Tan Boon Wah Defendant : Grand Saga Sdn. Bhd. [By Original Action] Plaintiff : Grand Saga Sdn Bhd Defendants : Tan Boon Wah & 7 Ors [Action By Counterclaim] (hereinafter referred to as the “S3 Suit”) (ii) Kuala Lumpur High Court Originating Summons No. S1-21-123- 2008 Plaintiff : Grand Saga Sdn. Bhd. (“Grand Saga”) 1st Defendant : Tan Boon Wah 2nd Defendant : Ronnie Liu Tian Khiew 3rd Defendant : Majlis Perbandaran Kajang (hereinafter referred to as the “S1 Suit”)

TALIWORKS CORPORATION BERHAD

TypeAnnouncement
SubjectMATERIAL LITIGATION
DescriptionTaliworks Corporation Berhad ("Taliworks")
(i) Kuala Lumpur High Court Civil Suit No. S3-22-582-2008)
Plaintiff : Tan Boon Wah
Defendant : Grand Saga Sdn. Bhd.
[By Original Action]

Plaintiff : Grand Saga Sdn Bhd
Defendants : Tan Boon Wah & 7 Ors
[Action By Counterclaim]

(hereinafter referred to as the “S3 Suit”)

(ii) Kuala Lumpur High Court Originating Summons No. S1-21-123-
2008
Plaintiff : Grand Saga Sdn. Bhd. (“Grand Saga”)
1st Defendant : Tan Boon Wah
2nd Defendant : Ronnie Liu Tian Khiew
3rd Defendant : Majlis Perbandaran Kajang

(hereinafter referred to as the “S1 Suit”)
Reference is made to Taliworks' announcement on 16th May 2008 in relation to the above matter. The Board of Directors of Taliworks wishes to update the Exchange on the following :-
(i) that the parties to the S3 Suit have mutually agreed to discontinue the proceedings inter se themselves and a Notice of Discontinuance to that effect has been filed in the Kuala Lumpur High Court on 22nd August 2011 to signify the conclusion of the aforementioned S3 Suit with each party to bear its own costs and without liberty to file afresh; and

(ii) that the Originating Summons in respect of the S1 Suit by Grand Saga, a jointly controlled entity of Taliworks, was never served on the Defendants and has since lapsed.

This announcement is dated 22nd August 2011.


Announcement Info

Company NameTALIWORKS CORPORATION BERHAD  
Stock Name TALIWRK    
Date Announced22 Aug 2011  
CategoryGeneral Announcement
Reference NoCS-110822-A80EB

Back