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, 15 August 2014 and 24 September 2014. Century wishes to announce that CTL’s appeal to the Court of Appeal against the Kuala Lumpur High Court’s refusal to strike out the Plaintiff’s suit came up for hearing on 18 November 2014. At the conclusion of the hearing, the Court of Appeal dismissed CTL’s appeal with costs in the cause i.e. the party that is eventually successful at the trial before the Kuala Lumpur High Court will also be entitled to the costs of the appeal to the Court of Appeal on 18 November 2014. Following the dismissal of CTL’s appeal to the Court of Appeal, the Kuala Lumpur High Court on 20 November 2014 fixed the suit for further case-management on 9 December 2014, pending SCA filing an application for leave to amend SCA’s Statement of Claim. This announcement is dated 20 November 2014. | |
Announcement Info
| Company Name | CENTURY LOGISTICS HOLDINGS BERHAD |
| Stock Name | CENTURY |
| Date Announced | 20 Nov 2014 |
| Category | General Announcement |
| Reference No | CS-141120-64215 |
