MATERIAL LITIGATION Ecoscience International Berhad ("EIB" or the "Company") - Writ of Summons and Statement of Claim Served by Ecoscience Manufacturing & Engineering Sdn. Bhd. (the "Plaintiff") to RDS Marketing Malaysia Sdn. Bhd. (the "Defendant") in the High Court of Malaya at Shah Alam ("Court") Civil Suit No. BA-22NCvC-6-01/2024 ("Suit")

ECOSCIENCE INTERNATIONAL BERHAD

Type Announcement
Subject MATERIAL LITIGATION
Description 
Ecoscience International Berhad ("EIB" or the "Company") - Writ of Summons and Statement of Claim Served by Ecoscience Manufacturing & Engineering Sdn. Bhd. (the "Plaintiff") to RDS Marketing Malaysia Sdn. Bhd. (the "Defendant") in the High Court of Malaya at Shah Alam ("Court") Civil Suit No. BA-22NCvC-6-01/2024 ("Suit")
 
We refer to our announcements dated 5 January 2024, 9 January 2024, 8 February 2024, 27 February 2024, 1 March 2024, 15 March 2024, 18 March 2024, 25 March 2024, 5 April 2024, 19 April 2024, 25 April 2024, 14 May 2024, 31 May 2024, 4 June 2024, 19 July 2024, 18 September 2024, 3 December 2024, 16 January 2025, 20 February 2025, 20 March 2025, 29 April 2025 and 13 May 2025  in respect of the above Suit. Unless otherwise defined, all definitions used throughout this announcement shall have the same meaning as defined in our said earlier announcements.

The Board of the Company wishes to inform that the Court has allowed the Summary Judgment application and entered judgment in favour of the Company against RDS Marketing Malaysia Sdn Bhd for a sum of RM2,377,844.15 together with interest at 5% per annum from 20.05.2022 until the date of full and final settlement, and costs of RM2,000.00 subject to allocator fees.

The Company will make the necessary announcements to Bursa Malaysia Securities Berhad as and when there are further developments in relation thereof and/or upon receipt of any further directions by the Court.

This announcement is dated 15 May 2025.



Announcement Info

Company Name ECOSCIENCE INTERNATIONAL BERHAD
Stock Name EIB
Date Announced 15 May 2025
Category General Announcement for PLC
Reference Number GA1-15052025-00026