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Kuala Lumpur High Court (Appellate & Special Powers Division) Application For Judicial Review No. R-25-469-2010 By Advance Synergy Capital Sdn Bhd ("ASCAP"), A Wholly-owned Subsidiary Of ASB

BackNov 11, 2010
Date Announced
:
 11/11/2010  




Type
:
 Announcement
Subject
:
ADVANCE SYNERGY BERHAD (“ASB”)
KUALA LUMPUR HIGH COURT (APPELLATE & SPECIAL POWERS DIVISION) APPLICATION FOR JUDICIAL REVIEW NO. R-25-469-2010 BY ADVANCE SYNERGY CAPITAL SDN BHD (“ASCAP”), A WHOLLY-OWNED SUBSIDIARY OF ASB

Contents
:
We refer to our announcement on 13 September 2010 concerning the approval of the Minister of Finance for the proposed disposal by ASCAP of its 49% equity interest in ACE Synergy Insurance Berhad to ACE INA International Holdings Ltd (“MOF Approval”).

We wish to inform the Exchange that the Court has fixed 1 December 2010 to hear the Application of ASCAP to seek leave of the Court for a Judicial Review in relation to the MOF Approval.

This announcement is dated 11 November 2010.

Announcement Details :