News

Kuala Lumpur High Court Suit No.: D1-22-1930-2001 Material Litigation involving Rewardstreet.com (Malaysia) Sdn Bhd (as "Third Party"), an indirect subsidiary of ASB

BackMay 21, 2009
General Announcement
Reference No AS-090521-59397

 

Company Name
:
 ADVANCE SYNERGY BERHAD  
Stock Name
:
 ASB  
Date Announced
:
 21/05/2009  


Type
:
 Announcement
Subject
:
ADVANCE SYNERGY BERHAD (“Company” or “ASB”)
Kuala Lumpur High Court Suit No.: D1-22-1930-2001
Material Litigation involving Rewardstreet.com (Malaysia) Sdn Bhd (as “Third Party”), an indirect subsidiary of ASB

Contents
:
Further to the updates via our quarterly financial results released on 26 February 2009 concerning the above captioned material litigation, we wish to announce that ASB has been informed on 20 May 2009 that the Honourable Court had on 15 May 2009 dismissed the claims of Ultra Dimension Sdn Bhd (“Plaintiff”) against American Home Assurance Company (“Defendant”) and Rewardstreet.com (Malaysia) Sdn Bhd (“Third Party”) with cost to the Defendant and no order as to cost to the Third Party.

[This announcement is dated 21 May 2009]