MATERIAL LITIGATION XOX NETWORKS BERHAD (FORMERLY KNOWN AS MACPIE BERHAD) ("XOX NETWORKS" OR THE "COMPANY") - Shah Alam High Court Civil Suit No. BA-22NCvC-41-01/2022 filed by Trumpet International Sdn. Bhd. (formerly known as Macpie Pro Sdn. Bhd.) ("Trumpet International") ("Plaintiff") against Mr. Luah Aik Teong ("Defendant") ("Litigation")

XOX NETWORKS BERHAD

Type Announcement
Subject MATERIAL LITIGATION
Description
XOX NETWORKS BERHAD (FORMERLY KNOWN AS MACPIE BERHAD) ("XOX NETWORKS" OR THE "COMPANY")
- Shah Alam High Court Civil Suit No. BA-22NCvC-41-01/2022 filed by Trumpet International Sdn. Bhd. (formerly known as Macpie Pro Sdn. Bhd.) ("Trumpet International") ("Plaintiff") against Mr. Luah Aik Teong ("Defendant") ("Litigation")

Reference is made to the announcements dated 11 February 2022, 15 February 2022, 10 March 2022 and 11 April 2022 respectively in relation to the Litigation. Unless otherwise defined in this announcement, the terms stated herein shall have the same meaning as defined in the earlier announcements.

The Board of Directors of XOX Networks wishes to announce that the Plaintiff had on 2 June 2022 filed a fair order (hereinafter referred to as “Fair Order”) in the High Court at Shah Alam (hereinafter referred to as “Court”). Pursuant to the Fair Order, the Court has approved to serve the sealed Bankruptcy Notice to the Defendant in the following manner:-

(i) by affixing a copy of the Fair Order and a copy of the Bankruptcy Notice on the notice board of the High Court at Shah Alam and at the last address of the Defendant; and

(ii) by advertising a notice on The Star newspaper for one (1) day.

Carrying out the matters as set out in (i) and (ii) above shall be deemed effective and sufficient for the service of the Bankruptcy Notice on the Defendant after fourteen (14) days from the date the matters as set out in (i) and (ii) above are carried of such pasting or advertising.

This announcement is dated 2 June 2022.






Announcement Info

Company Name XOX NETWORKS BERHAD
Stock Name XOXNET
Date Announced 02 Jun 2022
Category General Announcement for PLC
Reference Number GA1-02062022-00059