BURSA ANNOUNCEMENTS
OTHERS TALIWORKS CORPORATION BERHAD ("TCB" OR "THE COMPANY") - CONSENT JUDGEMENT : SUIT 98-03/2018 [CONSOLIDATION OF SUIT NO. BA-22NCvC-98-03/2018 ("Suit 1") AND SUIT NO. BA-22NCvC-99-03/2018 ("Suit 2")]
| TALIWORKS CORPORATION BERHAD |
| Type | Announcement |
| Subject | OTHERS |
| Description | TALIWORKS CORPORATION BERHAD ("TCB" OR "THE COMPANY") - CONSENT JUDGEMENT : SUIT 98-03/2018 [CONSOLIDATION OF SUIT NO. BA-22NCvC-98-03/2018 ("Suit 1") AND SUIT NO. BA-22NCvC-99-03/2018 ("Suit 2")] |
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Reference is made to the announcements made by the Company on 7 March 2018 and 12 March 2018 pertaining to the Suit 1 and the Suit 2 filed by Tenaga Nasional Berhad (“TNB”) and received by Sungai Harmoni Sdn Bhd (“SHSB”), which were subsequently consolidated and dealt with by the Shah Alam High Court collectively as Suit 98-03/2018 (“the Suit”).
The Board of Directors of the Company wishes to announce that SHSB through their legal counsels with the agreement of TNB, has today, filed a consent judgement with the Shah Alam High Court to record the settlement terms and conditions between SHSB and TNB in respect of the Suit and other related matters in connection therewith (“Consent Judgement”).
The Directors are of the opinion that the Consent Judgement is in the best interest of the Company and the group, and is not detrimental to the Company and its shareholders.
This announcement is dated 11 October 2019. |
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Announcement Info
| Company Name | TALIWORKS CORPORATION BERHAD |
| Stock Name | TALIWRK |
| Date Announced | 11 Oct 2019 |
| Category | General Announcement for PLC |
| Reference Number | GA1-11102019-00034 |