MATERIAL LITIGATION

Company Name PUNCAK NIAGA HOLDINGS BERHAD
Stock Name PUNCAK
Date Announced 20 May 2022
Category General Announcement for PLC
Reference Number GA1-20052022-00095

Type Announcement
Subject MATERIAL LITIGATION
Description
PUNCAK NIAGA HOLDINGS BERHAD (416087-U) ("PUNCAK" OR "THE COMPANY") 
NOTICE OF ADJUDICATION ISSUED UNDER THE CONSTRUCTION INDUSTRY PAYMENT & ADJUDICATION ACT 2012 ("CIPAA") TO THE COMPANY'S WHOLLY-OWNED SUBSIDIARY, PUNCAK NIAGA CONSTRUCTION SDN BHD

Reference is made to the Company's announcements dated 5 August 2020, 19 August 2020, 24 August 2020, 4 September 2020, 28 October 2020, 30 October 2020, 26 November 2020, 24 December 2020, 12 January 2021, 2 February 2021, 4 March 2021, 5 May 2021, 4 August 2021, 6 October 2021, 30 March 2022 and 4 April 2022 in relation to the Adjudication Decision dated 4 August 2020 in respect of the Notice of Adjudication dated 11 February 2020 issued under the Construction Industry Payment & Adjudication Act 2012 (“CIPAA”) to the Company’s wholly-owned subsidiary, Puncak Niaga Construction Sdn Bhd ("PNCSB") by its subcontractor, Mersing Construction and Engineering Sdn Bhd ("Mersing") and PNCSB's filing of the application to the Kuala Lumpur High Court to set aside and to stay the Adjudication Decision dated 4 August 2020 ("Setting Aside Application"), the Kuala Lumpur High Court’s decision dated 24 December 2020 to dismiss the Setting Aside Application (“Kuala Lumpur High Court’s Decision on Setting Aside Application”) and PNCSB’s appeal filed to the Court of Appeal on the Kuala Lumpur High Court’s Decision on the Setting Aside Application (“PNCSB’s Appeal on Kuala Lumpur High Court’s Decision on Setting Aside Application”) on 12 January 2021.
 

Puncak wishes to announce to the Exchange that the date of decision of PNCSB’s Appeal on Kuala Lumpur High Court’s Decision on Setting Aside Application at the Court of Appeal has been rescheduled by the Court of Appeal from 2 September 2022 to 8 August 2022.
 

This announcement is dated 20 May 2022.






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