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Material Litigation

BackDec 16, 2011
Date Announced
:
16/12/2011  



Type
:
Announcement
Subject
:
MATERIAL LITIGATION

Description
:
MALAYSIA BUILDING SOCIETY BERHAD ("MBSB" or "THE COMPANY")
UPDATES ON MATERIAL LITIGATION SUIT
(LEGAL SUIT NO. 22NCVC-859-09 YEAR 2011)

1. KCSB Konsortium Sdn. Bhd.
2. Kausar Corporation Sdn. Bhd.

&

1. Malaysia Building Society Berhad
2. MBSB Development Sdn. Bhd.
3. Definite Pure Sdn. Bhd.
4. Dato' Yusuf bin Sudin
5. Chief Executive Officer of MBSB.

Announcement Details/Table Section :

We refer to our announcement dated 10 December 2009 and 29 September 2011 in relation to the abovesaid.

MBSB wishes to announce that MBSB has, pursuant to a Court Order dated 14 December 2011, wound up Kausar Corporation Sdn Bhd. This winding up action was taken pursuant to a legal suit against Kausar Corporation Sdn Bhd and KL Al Dhuha Sdn Bhd for breach of facility agreement.

This announcement is dated 16 December 2011.