MATERIAL LITIGATION

Company Name CAELY HOLDINGS BHD
Stock Name CAELY
Date Announced 22 Jun 2022
Category General Announcement for PLC
Reference Number GA1-22062022-00041

Type Announcement
Subject MATERIAL LITIGATION
Description
CAELY HOLDINGS BHD ("CAELY" OR "THE COMPANY")
ORIGINATING SUMMONS NO. WA-24NCC-732-06/2022

Reference is made to the Company’s earlier announcement dated 22 June 2022. Unless otherwise stated, the definitions and terms used herein shall have the same meaning as defined in that announcement.

 

The Board of Directors of Caely wishes to inform that, having heard the parties’ submissions, the Court had on 21 June 2022 directed the followings:-

 

  1. that pending disposal of Enclosure 3 (Injunction application made by the Plaintiffs), status quo of the composition of the Board of Directors of the Company prior to EGM convened on 15 June 2022 shall be maintained;
  2. that the Application for transfer and consolidation of proceedings to be filed on or before 04 July 2022;
  3. that both parties to file the Written submission on or before 01 August 2022; and
  4. that Hearing for the above applications and Enclosure 3 is fixed on 03 August 2022 by way of zoom.

 

The Company will make further announcement on any material development on this matter.

 

This announcement is dated 22 June 2022.






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