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Bursa Updates
| Date Announced: |
16 October 2009 |
| Subject: |
HO HUP CONSTRUCTION COMPANY BERHAD ("Ho Hup" or "the Company")
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WRIT OF SUMMONS SERVED ON BUKIT JALIL DEVELOPMENT SDN. BHD., A MAJOR SUBSIDIARY OF THE COMPANY, BY PERMATA JUANG (M) SDN. BHD. |
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| Contents: |
Further to the Company's announcement dated 9 October 2009 pertaining to the Writ of Summons served on Bukit Jalil Development Sdn. Bhd. ("BJD"), a major subsidiary of the Company, by Permata Juang (M) Sdn. Bhd. ("PJM") in relation to the withdrawal of the resolution relating to the proposed disposal of a parcel of freehold land measuring approximately 10.865 acres held under Geran 55268, Lot 38476 in the Mukim of Petaling, District of Kuala Lumpur, State of Wilayah Persekutuan Kuala Lumpur ("Property") for a cash consideration of RM19,408,370.57 by BJD to PJM, the Board of Directors of Ho Hup wishes to inform that the Court had on 14 October 2009 granted an interim injunction to PJM to stop and/or restrain BJD from disposing the Property to any party vide a tender or in any other manner until the next hearing date fixed on 10 November 2009.
BJD had instructed its lawyers to challenge and seek to dismiss the interim injunction. |
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