|Contents||The Board of Directors of NV Multi Corporation Berhad (“the Company”) wishes to announce that the appeal by the Company and the subsidiaries to the Federal Court in relation to the Companies Commission of Malaysia’s direction for compliance with Part IV Division 5 of the Companies Act, 1965 was concluded today. The Federal Court has ruled that the memorial park business undertaken by the Company’s subsidiaries must file an approved trust deed and issue a prospectus. |
In compliance with the Court ruling the Company and the subsidiaries will file an approved trust deed and issue a prospectus accordingly. There is no material financial impact on the Group's position.
This announcement is dated 8 June 2010.