MATERIAL LITIGATION UPDATE ON MATERIAL LITIGATION PURSUANT TO PARAGRAPH 9.04(f) OF THE MAIN MARKET LISTING REQUIREMENTS OF BURSA MALAYSIA SECURITIES BERHAD

GETS GLOBAL BERHAD

Type Announcement
Subject MATERIAL LITIGATION
Description
UPDATE ON MATERIAL LITIGATION PURSUANT TO PARAGRAPH 9.04(f) OF THE MAIN MARKET LISTING REQUIREMENTS OF BURSA MALAYSIA SECURITIES BERHAD

Further to the Company's announcements on even dates, the Company wishes to inform that its subsidiary, Pengangkutan Awam Putrajaya Travel & Tours Sdn Bhd, has on today, received a winding up notice pursuant to section 465(1)(e) to be read with section 466 (1)(a) of the Companies Act 2016, from Zam O Lima Sdn Bhd for an alleged outstanding amount of RM427,706.41. The said alleged outstanding amount was in respect of the supply and maintenance of bus tyres alleged to have been provided for a period of 12 months since 28 March 2016.

The Company, via its solicitor, has immediately, on even date, replied and disputed the said notice. The Company’s solicitors firmly states that the notice is bad, invalid and/or unenforceable in the eyes of the law and further states that the winding up proceeding is not proper because PAPTT intends to file an appeal against the judgement/order which gives rise to the alleged sum in question and/or file such other necessary application/proceeding to set aside the said judgment.

This announcement is dated 29 June 2020.






Announcement Info

Company Name GETS GLOBAL BERHAD
Stock Name GETS
Date Announced 29 Jun 2020
Category General Announcement for PLC
Reference Number GA1-29062020-00115