News

Originating Summons No. D-24ncc-332-2010 Dated 8 October 2010 Served On Advance Synergy Capital Sdn Bhd ("ASCAP"), A Wholly-owned Subsidiary Of ASB, By ACE INA International Holdings Ltd ("ACE INA")("Originating Summons")

BackDec 20, 2010
Date Announced
:
 20/12/2010  




Type
:
 Announcement
Subject
:
ADVANCE SYNERGY BERHAD (“ASB”)
ORIGINATING SUMMONS NO. D-24NCC-332-2010 DATED 8 OCTOBER 2010 SERVED ON ADVANCE SYNERGY CAPITAL SDN BHD (“ASCAP”), A WHOLLY-OWNED SUBSIDIARY OF ASB, BY ACE INA INTERNATIONAL HOLDINGS LTD ("ACE INA")(“ORIGINATING SUMMONS”)

Contents
:
We refer to our announcement on 30 November 2010 concerning the granting of the Kuala Lumpur High Court Order on 29 November 2010 (i.e. the various orders with costs sought by ACE INA pursuant to the Originating Summons), the effect of which is to compel ASCAP to perform the agreement to sell ASCAP’s 49% equity interest in ACE Synergy Insurance Berhad to ACE INA.

We wish to inform the Exchange that ASCAP had on 17 December 2010 filed a notice of appeal to the Court of Appeal against the aforesaid decision of the Kuala Lumpur High Court on 29 November 2010.

This announcement is dated 20 December 2010.

Announcement Details :