Bursa Announcements
Bursa Announcements
Date : 18 July 2024
MATERIAL LITIGATION PENANG HIGH COURT CIVIL SUIT NO. PA-22NCVC-155-09/2020 TENAGA NASIONAL BERHAD -VS- KUMPULAN IKRAM SDN. BHD.
| PROTASCO BERHAD |
| Type | Announcement |
| Subject | MATERIAL LITIGATION |
| Description | PENANG HIGH COURT CIVIL SUIT NO. PA-22NCVC-155-09/2020 TENAGA NASIONAL BERHAD -VS- KUMPULAN IKRAM SDN. BHD. |
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Reference is made to the Company’s announcement on 3 July 2024.
As announced earlier, the wholly owned subsidiary of the Company, Kumpulan Ikram Sdn. Bhd. (“KISB" or "Defendant”), had received a Writ of Summons and Statement of Claim served by Tenaga Nasional Berhad (“TNB” or ”Plaintiff”) claiming RM6,799,961.83.
The Company wishes to announce that the parties had on 16 July 2024 reached a settlement and recorded a Consent Judgment for the full and final settlement of the claim wherein KISB shall pay to TNB a settlement sum of RM3,000,000.00 and costs of RM5,000.00. |
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Announcement Info
| Company Name | PROTASCO BERHAD |
| Stock Name | PRTASCO |
| Date Announced | 18 Jul 2024 |
| Category | General Announcement for PLC |
| Reference Number | GA1-18072024-00041 |