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14,225 comment(s). Last comment by kk7198 at Apr 19, 2018 09:21 PM
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Jessie Ng
401 posts

Posted by Jessie Ng > Apr 17, 2018 10:04 AM | Report Abuse

wander ful


abcde12345
400 posts

Posted by abcde12345 > Apr 17, 2018 10:25 AM | Report Abuse

感谢你


LimKL1
226 posts

Posted by LimKL1 > Apr 17, 2018 10:43 AM | Report Abuse

完没


scrown
51 posts

Posted by scrown > Apr 17, 2018 12:17 PM | Report Abuse

Dreaming to drop. No way for u to collect back


leelin
23 posts

Posted by leelin > Apr 17, 2018 12:18 PM | Report Abuse

teck lee why you try hard call everybody sell ...


kasim
20 posts

Posted by kasim > Apr 17, 2018 12:32 PM | Report Abuse

Material litigation
Shantawood Sdn. Bhd , a wholly-owned subsidiary company of the Company had on 29
December 2012 filed a suit at the High Court in Shah Alam against MSIG Takaful Berhad to recover the loss and damages of RM24,219,074 Fire Claim as a result of MSIG repudiating the claims made by SSB under the fire insurance policies taken up by SSB from MSIG for the Fire
Incidents.

MSIG had on 25 February 2013 filed its Statement of Defence disputing the Fire Claim. On 26
September 2014, the Court had allowed SSB's claim and had awarded SSB a sum of
RM19,496,399 (Judgment Sum) and the cost of RM50,000 together with the interest rate of 5% per annum to be calculated from 14 July 2011 until the full and final settlement .

MSIG subsequently filed a notice of appeal to the Court of Appeal against the Judgment and made an application for stay of execution of the Judgment with the High Court on 20 October 2014. On 17 November 2014, High Court allowed the stay of execution of the Judgment but ordered the Judgment Sum be deposited into the plaintiff's solicitor account.

On the 22 April 2016, the Court of Appeal ("COA") dismissed the appeal by MSIG on the issues of liability and interest and thereby affirmed the High Court decision on the said issues.
However the COA allowed the appeal by MSIG in part on the issue of quantum; whereby the COA directed that the matter be sent back to the High Court for a reassessment of damages.

Leave Application / Appeal Federal Court
DPS had taken the decision to appeal against the COA's decision, namely on the issue of quantum. On 20 May 2016, an application for leave to appeal to the Federal Court was filed.

On 17 January 2017, the matter had come up for hearing for leave application and the same was dismissed as the matter had been fixed for assessment before the High Court and the Federal Court had not allowed cost to HLA. As such, the matter will revert to High Court for assessment of damages payable to DPS/Shantawood.

Reassessment of Damages at Shah Alam High Court
The reassessment of damages was fixed for further case management and we shall update Bursa upon receipt of the hearing date from the Court.
This announcement is dated 30 May 2017.

MATERIAL LITIGATION Shantawood Sdn. Bhd. vs HSBC Amanah Takaful (Malaysia) Berhad
on 21st July 2017 DPS announce that SSB, its wholly-owned subsidiary, had initiated legal proceedings against HSBC Amanah Takaful on the 6th of July 2017.
The matter is still at the case management stage and we shall update Bursa upon receipt of the hearing date from the Court.

MATERIAL LITIGATION DPS RESOURCES BERHAD ("DPS" or "COMPANY") Shantawood Sdn. Bhd. v Hong Leong MSIG (High Court of Malaya At Shah Alam
DPS wishes to announce the following update to the Material Litigation.
Reassessment of Damages at Shah Alam High Court
The reassessment of damages are still at the case management stage and we shall update Bursa upon receipt of the hearing date from the Court.
This announcement is dated 21 July 2017.


kk7198
260 posts

Posted by kk7198 > Apr 17, 2018 12:36 PM | Report Abuse

Already old useless news.Tell us the latest news.


kasim
20 posts

Posted by kasim > Apr 17, 2018 02:05 PM | Report Abuse

Last year is the final stage. DPS want claim more cost to HLA because court of appeal by HLA in 2014 ~ 2017. Federal Court had not allowed cost to HLA. If dps don't want reassessment claims more money ,awarded Shantawood a sum of RM19,496,398.90 and the cost of RM50,000.00 together with the interest rate of 5% per annum to be calculated from 14 July 2011 until 2017 the full and final settlement. If Dps agree the awarded 25 millions amount and the fixed for assessment not cost to HLA the case filed will be closed and insurance will release the 25 millions .


kasim
20 posts

Posted by kasim > Apr 17, 2018 02:27 PM | Report Abuse

26th February 2018. DPS announce that the trial has commenced and still ongoing.This year is the end case whatever court allowed or not allowed extra cost to HLA in court of appeal by HLA in 2014 ~ 2017.The awarded sum RM19,496,398.90 and the cost of RM50,000.00 together with the interest rate of 5% per annum to be calculated from 14 July 2011 until 2017 is the court decision and the last agree by two parties.Just only dps want claims another more cost to HLA in court of appeal by HLA in 2014 ~ 2017. This year is the end case whatever court allowed or not allowed extra cost to HLA ,the final court result come out in this year whatever court allowed or not allowed extra cost to HLA , Dps cannot take appeal against to HLA .Filed case will be closed in this year .


leelin
23 posts

Posted by leelin > Apr 17, 2018 02:42 PM | Report Abuse

why dps taken appeal initiated legal proceedings against HSBC Amanah Takaful in last year june until now no go to court and no announce hearing date ?


justin
6 posts

Posted by justin > Apr 17, 2018 02:56 PM | Report Abuse

Everytime legal proceedings 3 month will go to court ,now 10 month already no go court ,on feb 2018 company announce that the trial has commenced and still ongoing but sometimes dps can cancel appeal extra cost to HLA.They can settled outside court and received awarded sum RM19,496,398.90 with the interest rate of 5% per annum. Company can announce any time they like.


sunkist818
13 posts

Posted by sunkist818 > Apr 17, 2018 03:04 PM | Report Abuse

10month no go court and no hearing date something ....


Hein
443 posts

Posted by Hein > Apr 17, 2018 05:14 PM | Report Abuse

The volume last Friday is from New investors. One ikan bilis Sapu trigger other to follow. More to wait.


kk7198
260 posts

Posted by kk7198 > Apr 17, 2018 05:26 PM | Report Abuse

Bo Seow Lan has the last laugh.


Yael Jasper
600 posts

Posted by Yael Jasper > Apr 17, 2018 05:40 PM | Report Abuse

wonderful


davidkkw79
3568 posts

Posted by davidkkw79 > Apr 17, 2018 05:46 PM | Report Abuse

Moon ! Moon !!


Diven Teh
2948 posts

Posted by Diven Teh > Apr 17, 2018 06:01 PM | Report Abuse

paria counter !!!!!!!!!!!!!!!!!!!!!!


Jessie Ng
401 posts

Posted by Jessie Ng > Apr 18, 2018 11:08 AM | Report Abuse

go


abcde12345
400 posts

Posted by abcde12345 > Apr 18, 2018 12:26 PM | Report Abuse

kep


fl888
2582 posts

Posted by fl888 > Apr 19, 2018 10:15 AM | Report Abuse

If really assured of RM25million, DPS should break to 10cts easily but not able to,,,why ?


davidkkw79
3568 posts

Posted by davidkkw79 > Apr 19, 2018 11:40 AM | Report Abuse

Wow....insurance moon ! Moon


jordanmaggie61
783 posts

Posted by jordanmaggie61 > Apr 19, 2018 12:03 PM | Report Abuse

thank


1465490528
1783 posts

Posted by 1465490528 > Apr 19, 2018 05:47 PM | Report Abuse

Learn from sapnrg n caely.....


1465490528
1783 posts

Posted by 1465490528 > Apr 19, 2018 09:19 PM | Report Abuse

1. CAELY. .. the strong showings today confirmed its . It has today gain 0.10 or 11% to close at 1.03. The momentum should see its testing its all time high of 1.37 soon on anticipation of a positive listing of its bonus warrant on 26 Apr.

2. SAPNGY...closed today at 0.79 breaking out of its resistance of 0.785.
With positive oil price trending positively in the immediate term, we should see it heading to its TP of 1.00.


kk7198
260 posts

Posted by kk7198 > Apr 19, 2018 09:21 PM | Report Abuse

Diven Teh, what is your target price for dps? Kindly share.

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