MATERIAL LITIGATION CENTURY LOGISTICS HOLDINGS BERHAD ("CENTURY" OR " THE COMPANY") - CLAIM MADE BY SCA HYGIENE MALAYSIA SDN. BHD. AGAINST CENTURY TOTAL LOGISTICS SDN. BHD., A WHOLLY-OWNED SUBSIDIARY OF THE COMPANY
| CENTURY LOGISTICS HOLDINGS BERHAD |
| Type | Announcement |
| Subject | MATERIAL LITIGATION |
| Description | CENTURY LOGISTICS HOLDINGS BERHAD ("CENTURY" OR " THE COMPANY") - CLAIM MADE BY SCA HYGIENE MALAYSIA SDN. BHD. AGAINST CENTURY TOTAL LOGISTICS SDN. BHD., A WHOLLY-OWNED SUBSIDIARY OF THE COMPANY |
Century Logistics Holdings Berhad (the "Company") wishes to announce that Century Total Logistics Sdn Bhd ("CTLSB"), a wholly-owned subsidiary of the Company, had on 25 February 2014 received a letter from Messrs. Tay & Partners enclosing the following documents: a) a sealed writ of summons dated 20 February 2014 ("Writ"); b) a sealed statement of claim dated 20 February 2014 ("SOC"); and c) a letter from Kuala Lumpur High Court dated 21 February 2014. The Writ and SOC are in respect of a claim made by SCA Hygiene Malaysia Sdn. Bhd. ("SCA") against CTLSB allegedly for breach of contract by CTLSB. As a result of the alleged breach of contract by CTLSB, SCA claims against CTLSB for the following: a) payment of damages of RM5,745,600.00; b) an order that damages for other loss and damages suffered by SCA as a result of the alleged breach of contract by CTLSB be assessed by the registrar of the High Court of Malaya ("High Court") and be paid by CTLSB to SCA; c) payment of interest on the damages of RM5,745,600.00 and damages for other loss and damages as assessed by the High Court pursuant to paragraph (b) above; d) costs; and e) such further or other relief as the High Court deems just and fit to grant. The High Court has fixed the aforesaid matter for Case Management on 20 March 2014. The Company is now seeking legal advice on the aforesaid matter. This announcement is dated 26 February 2014. | |
Announcement Info
| Company Name | CENTURY LOGISTICS HOLDINGS BERHAD |
| Stock Name | CENTURY |
| Date Announced | 26 Feb 2014 |
| Category | General Announcement |
| Reference No | CS-140226-3E1CD |
