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Others (Amended Announcement)

BackApr 03, 2018

Amended Announcements
Please refer to the earlier announcement reference number: GA1-02042018-00109


 

Type Announcement
Subject OTHERS
Description

UPDATES ON WRIT OF SUMMONS SERVED ON MALAYSIA AIRPORTS HOLDINGS BERHAD

In furtherance to the announcement made by Malaysia Airports Holdings Berhad (the Company) on 4 October 2017, we wish to announce that the Court of Appeal on 30 March 2018 had allowed Syarikat Pembinaan Anggerik Sdn Bhd’s (SPASB) appeal relating to the decision made by the High Court on 23 August 2017 in favour of the Company that granted the Company’s Stay Application in respect of SPASB’s claims against the Company at the High Court.

 

SPASB’s appeal was allowed on the ground, inter alia, that there is no arbitration agreement in the Contract within the meaning of section 9 of the Arbitration Act 2005 and therefore in essence, SPASB is right in commencing a legal action in court. The Court of Appeal further awarded costs of RM 20,000.00 for the application at the High Court and the appeal at the Court of Appeal.

 

Any further updates in respect of any material development of this case will be made from time to time.


This announcement is dated 3 April 2018.

 

Remarks : Further to the announcement made on 3 April 2018, the attachment pertaining to the Passenger Traffic Snapshot May 2015 was inadvertently attached and now has been removed accordingly.

 





Announcement Info

Company Name MALAYSIA AIRPORTS HOLDINGS BERHAD
Stock Name AIRPORT
Date Announced 03 Apr 2018
Category General Announcement for PLC
Reference Number GA1-03042018-00067