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We refer to our announcement on 2 December 2010 concerning the above subject matter. We wish to inform the Exchange that at the hearing on 4 January 2011, the High Court Judge has ordered an expedited hearing of the following applications from 27 January 2011 to 14 January 2011:-
(a) ASCAP’s application for Leave in the Application for Judicial Review (“Judicial Review Application”);
(b) the application by ACE INA International Holdings Ltd (“ACE INA”)to intervene in the Leave Application in the Judicial Review Application; and
(c) ASCAP’s application to stay 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.
This announcement is dated 4 January 2011. |
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