News

Winding-Up Petition Under Section 218 of the Companies Act 1965 by Pizza Hut Restaurants Sdn Bhd ("Pizza Hut") against iSynergy Sdn Bhd ("iSynergy") in the High Court of Malaya at Shah Alam, Selangor [Companies Winding-Up No: 28-80-2010]("Winding-Up Petition")

Type	:	Announcement
Subject	:	ADVANCE SYNERGY BERHAD Winding-Up Petition Under Section 218 of the Companies Act 1965 by Pizza Hut Restaurants Sdn Bhd (“Pizza Hut”) against iSynergy Sdn Bhd (“iSynergy”) in the High Court of Malaya at Shah Alam, Selangor [Companies Winding-Up No: 28-80-2010](“Winding-Up Petition”)
Contents	:	We refer to our announcements on 12 March 2010 and 16 March 2010 concerning the Winding-up Petition served on our 80%-owned subsidiary, iSynergy, on 11 March 2010 by Pizza Hut in respect of a judgment sum of RM1,052,415.97 together with interests and costs. We wish to inform the Exchange that at the hearing on 7 October 2010, the Winding-Up Petition has been withdrawn with no order as to cost pursuant to an amicable out of court settlement in respect of the aforesaid judgment sum. In conjunction thereof, iSynergy’s appeal at the Court of Appeal against the Kuala Lumpur High Court Judgment obtained by Pizza Hut against iSynergy on the aforesaid sum has also been withdrawn. This announcement is dated 8 October 2010.
Announcement Details :