MATERIAL LITIGATION CENTURY LOGISTICS HOLDINGS BERHAD (“CENTURY” OR "COMPANY") - CLAIM MADE BY SCA HYGIENE MALAYSIA SDN. BHD. (“SCA”) AGAINST CENTURY TOTAL LOGISTICS SDN. BHD. ("CTL"), A WHOLLY-OWNED SUBSIDIARY OF THE COMPANY
| CENTURY LOGISTICS HOLDINGS BERHAD |
| Type | Announcement |
| Subject | MATERIAL LITIGATION |
| Description | CENTURY LOGISTICS HOLDINGS BERHAD (“CENTURY” OR "COMPANY") - CLAIM MADE BY SCA HYGIENE MALAYSIA SDN. BHD. (“SCA”) AGAINST CENTURY TOTAL LOGISTICS SDN. BHD. ("CTL"), A WHOLLY-OWNED SUBSIDIARY OF THE COMPANY |
Reference is made to our announcements dated 26 February 2014, 21 March 2014, 20 June 2014, 17 July 2014, 31 July 2014 and 15 August 2014. Century wishes to announce that on 23 September 2014, the Kuala Lumpur High Court has allowed CTL’s application to stay all proceedings in the High Court, pending CTL’s appeal to the Court of Appeal against the High Court’s decision in dismissing CTL’s application to strike out SCA’s claim. As the appeal in the Court of Appeal is fixed for hearing on 18 November 2014, the High Court has fixed the matter for case management on 20 November 2014, in order for parties to update the Court as to the outcome of CTL’s appeal. This announcement is dated 24 September 2014. | |
Announcement Info
| Company Name | CENTURY LOGISTICS HOLDINGS BERHAD |
| Stock Name | CENTURY |
| Date Announced | 24 Sept 2014 |
| Category | General Announcement |
| Reference No | CS-140924-39127 |
