|Description||Clarification On News Article Appearing In The Edge Markets Titled Boustead Holdings Sues Former Chairman, Ex-MD And Four Former Directors For £6.4 Million|
Reference is made to the news article titled “Boustead Holdings sues former Chairman, ex-MD and four former Directors for £6.4 million” appearing on the online news portal of The Edge Markets dated 11 August 2020.
The Board of Directors of Boustead Holdings Berhad wishes to clarify that a writ has indeed been filed on 29 June 2020 against the following persons, for a claim of up to £6.4 million or other sum deemed fit by the Court, for breaching their fiduciary obligations as Directors under the Companies Act 1965. The writ is yet to be served.
- Mohd Ghazali Haji Che Mat
- Che Lodin Wok Kamaruddin
- Megat Abdul Rahman Megat Ahmad
- Azzat bin Kamaludin
- Ghazali bin Mohd Ali
- Tan Leh Kiah
Announcement on the development of the above matter will be made in due course.
This announcement is dated 11 August 2020.
|Company Name||BOUSTEAD HOLDINGS BERHAD|
|Date Announced||11 Aug 2020|
|Category||General Announcement for PLC|