MATERIAL LITIGATION ADVANCE INFORMATION MARKETING BERHAD ("AIM" or "the Company") WRIT AND STATEMENT OF CLAIM - Kuala Lumpur High Court Suit No. WA-22NCC-17-01/2017

ADVANCE INFORMATION MARKETING BERHAD

Type Announcement
Subject MATERIAL LITIGATION
Description
ADVANCE INFORMATION MARKETING BERHAD ("AIM" or "the Company")
WRIT AND STATEMENT OF CLAIM - Kuala Lumpur High Court Suit No. WA-22NCC-17-01/2017

Reference is made to the Company’s announcements made on 23 January 2017, 15 March 2017, 27 April 2017 and 14 July 2017 respectively in relation to the claim for the sum of RM6,524,651.80 brought by the Liquidator of Customer Loyalty Solutions Sdn Bhd (“CLS”). Unless otherwise stated, the terms stated herein shall have the same meaning as defined in the earlier announcements.

 

The Board wishes to update on the status of the following:

 

1) The full trial for the claim was held on 16 January 2019.

 

2) The High Court heard the submissions/clarification on written submissions earlier today.

 

3) After hearing the Plaintiff’s submission earlier today, the High Court has fixed 4 March 2019 to hear further submissions from all the Defendants.

 

Further announcement(s) on the development of the above matter will be made to Bursa Malaysia Securities Berhad in due course.

 

This announcement is dated 20 February 2019.






Announcement Info

Company Name ADVANCE INFORMATION MARKETING BERHAD
Stock Name AIM
Date Announced 20 Feb 2019
Category General Announcement for PLC
Reference Number GA1-20022019-00103