News

Material Litigation

BackApr 19, 2011
Date Announced
:
 19/04/2011  



Type
:
 Announcement
Subject
:
MATERIAL LITIGATION

Description
:
Advance Synergy Berhad (“Company”)
Legal Proceedings between Advance Synergy Capital Sdn Bhd (“ASCAP”), a wholly owned subsidiary of the Company and ACE INA INTERNATIONAL HOLDINGS LTD with regard to ASCAP’s 49% equity interest in ACE SYNERGY INSURANCE BERHAD

Announcement Details/Table Section :

Further to our announcement on 6 April 2011 concerning the postponement of the hearing of ASCAP's appeal to the Court of Appeal against the Order dated 29 November 2010 made in the Originating Summons No. D-24-NCC-332-2010 to 19 April 2011, we wish to inform the Exchange that the said ASCAP's appeal has been dismissed with costs.

This announcement is dated 19 April 2011.