MATERIAL LITIGATION E.A TECHNIQUE (M) BERHAD ADJUDICATION DECISION DATED 4 DECEMBER 2019 IN RESPECT OF ADJUDICATION REFERENCE NO.: ADJ-2638-2019 BETWEEN MALAYSIA MARINE HEAVY ENGINEERING SDN BHD AND E. A. TECHNIQUE (M) BERHAD

E.A.TECHNIQUE (M) BERHAD

Type Announcement
Subject MATERIAL LITIGATION
Description
E.A TECHNIQUE (M) BERHAD ADJUDICATION DECISION DATED 4 DECEMBER 2019 IN RESPECT OF ADJUDICATION REFERENCE NO.: ADJ-2638-2019 BETWEEN MALAYSIA MARINE HEAVY ENGINEERING SDN BHD AND E. A. TECHNIQUE (M) BERHAD

E.A. Technique (M) Berhad (“Company”) refers to the announcements dated 29 May 2019, 31 May 2019, 3 June 2019, 7 June 2019, 21 June 2019, 8 July 2019, 18 July 2019, 23 July 2019, 30 August 2019, 14 October 2019, 24 October 2019 and 15 November 2019, 19 December 2019 and 4 March 2020 made by the Company in respect of the Adjudication Decision dated 27 May 2019. The Board of Directors of the Company wishes to announce that on 1 June 2020, the High Court of Kuala Lumpur has delivered its decision in respect of the Company’s application to set aside Adjudication Decision vide OS No. WA-24C-96-06/2019 and Malaysia Marine and Heavy Engineering Sdn Bhd’s (“MMHE”) application to enforce the Adjudication Decision vide OS No. WA-24C-116-07/2019.

 

The High Court of Kuala Lumpur has dismissed the Company’s application to set aside Adjudication Decision and allowed MMHE’s application to enforce the Adjudication Decision.

 

The Company has previously filed an application to stay the Adjudication Decision pending the disposal of the arbitration proceedings, which the arbitration award shall be final. The hearing has been fixed by High Court of Kuala Lumpur on 13 July 2020.

 

This announcement is dated 2 June 2020.






Announcement Info

Company Name E.A.TECHNIQUE (M) BERHAD
Stock Name EATECH
Date Announced 02 Jun 2020
Category General Announcement for PLC
Reference Number GA1-02062020-00029