|Description||Litigation Against Company Subsidiary|
Ipoh High Court Suit No. 22NCVC-193-08/2012 (“Suit”)
Plaintiff: Ingat Kawan (M) Sdn Bhd
Defendant: Boustead Naval Shipyard Sdn Bhd (“BNS”)
We refer to our announcement dated 14 July 2016 and other announcements on this Suit wherein BNS is being sued by the Plaintiff for RM50,000,000.00 for alleged breach of contract by BNS in relation to the contract to remove underground cables at the Lumut shipyard.
We wish to inform that after trials that took place since April 2018, the Ipoh High Court had on 18 January 2021 dismissed the Plaintiff’s claim with costs of RM15,000.00 to be paid by the Plaintiff to BNS.
This announcement is dated 26 January 2021.
|Company Name||BOUSTEAD HOLDINGS BERHAD|
|Date Announced||26 Jan 2021|
|Category||General Announcement for PLC|