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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
We refer to our announcement on 14 January 2011 concerning the above and wish to inform the Exchange on the following:-
a. The hearing of ASCAP’s application for Leave in the Application for Judicial Review and 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 International Holdings Ltd (“ACE INA”) has been postponed to 2 March 2011.
b. ASCAP’s appeal to the Court of Appeal against the leave granted to ACE INA to intervene and be added as a party to ASCAP’s application for Leave in the Application for Judicial Review will be heard on 14 February 2011.
This announcement is dated 31 January 2011. |
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