Reference is made to the Company's announcement dated 28 February 2025 in relation to the above matter. Unless otherwise stated, the definitions and terms used herein shall have the same meaning as defined in the previous announcement.
The Board of Directors ("the Board") of the Company wishes to announce that Iconic Medicare Sdn. Bhd. (“IMED”) had on 27 March 2025 filed a Notice of Appeal to the Court of Appeal on the decision of the High Court in dimissing the counter-claim on loss of profit made against CeramTec Innovative Ceramic Engineering (M) Sdn. Bhd. (“CICE”) by IMED. The Appeal is fixed for Case Management on 9 July 2025.
The Board also wishes to announce that CICE had also filed a Notice of Appeal to the Court of Appeal on the decision of the High Court to dismiss their claim for breach of contract and for allowing IMED's claim for the sum of RM583,800. The Appeal is also fixed for Case Management on 9 July 2025.
Any material development on this matter will be announced in due course.
This announcement is dated 17 April 2025.