Bursa Announcements
MATERIAL LITIGATION EURO HOLDINGS BERHAD ("EURO" OR "THE COMPANY") UPDATE ON KUALA LUMPUR HIGH COURT UNDER CASES NO. WA-22NCC-137-03/2021 (SUIT 137), WA-22NCC-632-12/2020 (SUIT 632), WA-22NCC-246-06/2020 (SUIT 246) AND WA-22NCC-550-12/2021 (SUIT 550) ("HIGH COURT CASES")
| EURO HOLDINGS BERHAD |
| Type | Announcement |
| Subject | MATERIAL LITIGATION |
| Description | EURO HOLDINGS BERHAD ("EURO" OR "THE COMPANY")
UPDATE ON KUALA LUMPUR HIGH COURT UNDER CASES NO. WA-22NCC-137-03/2021 (SUIT 137), WA-22NCC-632-12/2020 (SUIT 632), WA-22NCC-246-06/2020 (SUIT 246) AND WA-22NCC-550-12/2021 (SUIT 550) ("HIGH COURT CASES") |
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Reference is made to the Company's announcements dated 26 June 2020, 24 July 2020, 28 July 2020, 26 June 2020, 15 February 2021, 18 February 2021, 27 August 2021 and 27 March 2026 in relation to the material litigations, which were consolidated and transferred to the Kuala Lumpur High Court under cases No. WA-22NCC-137-03/2021 (Suit 137), WA-22NCC-632-12/2020 (Suit 632), WA-22NCC-246-06/2020 (Suit 246) and WA-22NCC-550-12/2021 (Suit 550) ("High Court Cases"). Unless otherwise stated, all abbreviations and definitions used herein shall have the same meanings as those defined in the Company's earlier announcements.
The Company wishes to announce that the Plaintiffs and the Company have, on 5 May 2026, reached a final agreement on a comprehensive settlement plan to resolve and settle the judgment sum and costs arising from the High Court Cases. Pursuant to the said settlement, the Company shall pay a total sum of RM3,100,000.00 ("Total Settlement Sum") as full and final settlement of all claims in relation to the High Court Cases. The Total Settlement Sum shall be paid in eighteen (18) monthly instalments, commencing from May 2026.
The Company will make further announcements as and when there are any material developments in relation to the above matter.
This announcement is dated 5 May 2026. |
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Announcement Info
| Company Name | EURO HOLDINGS BERHAD |
| Stock Name | EURO |
| Date Announced | 05 May 2026 |
| Category | General Announcement for PLC |
| Reference Number | GA1-05052026-00060 |
