MATERIAL LITIGATION UPDATE ON MATERIAL LITIGATION - KHINAS RESOURCES SDN BHD vs PENGANGKUTAN AWAM PUTRAJAYA TRAVEL & TOURS SDN BHD

GETS GLOBAL BERHAD

Type Announcement
Subject MATERIAL LITIGATION
Description
UPDATE ON MATERIAL LITIGATION - KHINAS RESOURCES SDN BHD vs PENGANGKUTAN AWAM PUTRAJAYA TRAVEL & TOURS SDN BHD

The Company wishes to announce that the Company’s 79.99% owned subsidiary, Pengangkutan Awam Putrajaya Travel & Tours Sdn Bhd (“PAPTT”) on 15 September 2020, received a demand from Khinas Resources Sdn Bhd (“the Plaintiff”) for settlement of a total sum of RM893,905.29 (RM890,905.29 being a judgement sum and costs of RM3,000) and interest at 5% per annum of the claim amount to be paid within 48 hours from the date of the receipt of the letter. The demand is in respect of the Writ of Summons and Statement of Claims issued to PAPTT on 19 February 2019 for cleaning and maintenance services said to have been supplied at 101 bus stop locations in Putrajaya and at a Park & Ride facility in Presint 14 owned by Perbadanan Putrajaya for the period from 1 May 2015 to 1 May 2017. Further to the proceeding and as previously announced, the Shah Alam Sessions Court on 23 September 2019 awarded a Summary Judgement in favour of the Plaintiff together with costs of RM3,000.

The Company has previously instructed its solicitor to negotiate the terms of settlement and therefore will seek the solicitors’ advice for the next course of action.

This announcement is dated 17 September 2020.






Announcement Info

Company Name GETS GLOBAL BERHAD
Stock Name GETS
Date Announced 17 Sep 2020
Category General Announcement for PLC
Reference Number GA1-17092020-00087