Reference is made to the Company's announcements dated 13 January 2025 and 6 March 2025 (jointly referred to as “Announcement”). Unless otherwise defined, the terms herein shall have the same meaning as defined in the Announcement.
The Board of Directors of the Company wishes to inform that during the Case Management on 30 April 2025, the Court has granted Order in Terms ("OIT") in respect of Enclosures 7 and 10. The said enclosures are Fun Sheung Development Ltd. and Concrete Parade's respective applications to intervene in the above matter.
Pursuant to the above, the Court directed the Plaintiff to amend Enclosure 1 (the Originating Summons) to reflect the above OIT and to serve Enclosures 1 and 2 (the Affidavit in Support) to all shareholders of the Defendant.
The Company further wishes to inform that the next Case Management of the above matter is fixed on 1 July 2025 via Zoom.
Further announcements on the development of the above matter will be made to Bursa Malaysia where necessary.
This announcement is dated 30 April 2025.