https://www.bharian.com.my/bisnes/korporat/2021/06/823079/zamsaham-mahu-sc-bursa-campur-tangan

MATERIAL LITIGATION DPS RESOURCES BERHAD ("DPS" or "COMPANY") Hong Leong MSIG Takaful Berhad ("MSIG") [Appellant / Defendant] vs Shantawood Sdn. Bhd. ("SSB") [Respondent / Plaintiff] Putrajaya Court of Appeal Civil Appeal No. B-02(NCVC)(W)-1798-10/2014 High Court [Court of Shah Alam Civil No. 22NCVC-1488-12/2012-02]

DPS RESOURCES BERHAD

Type Announcement
Subject MATERIAL LITIGATION
Description DPS RESOURCES BERHAD ("DPS" or "COMPANY")

Hong Leong MSIG Takaful Berhad ("MSIG") [Appellant / Defendant] vs Shantawood Sdn. Bhd. ("SSB") [Respondent / Plaintiff]
Putrajaya Court of Appeal Civil Appeal No. B-02(NCVC)(W)-1798-10/2014 High Court [Court of Shah Alam Civil No. 22NCVC-1488-12/2012-02]
We refer to the announcements made on 29 September 2014, 29 October 2014, 25 June 2015, 26 October 2015, 5 November 2015, 30 November 2015, 22 January 2016 and 30 March 2016 in relation to the Material Litigation ("Announcement"). Unless otherwise defined, the definitions set out in the Announcement shall apply herein.

The Board of Directors of DPS wishes to announce the following update to the Material Litigation.

On the 22 April 2016, the Court of Appeal delivered its decision on the appeal filed by MSIG. The Court of Appeal 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 Court of Appeal allowed the appeal by MSIG in parton the issue of quantum; whereby the Court of Appeal directed that the matter be sent back to the High Court for a reassessment of damages.

This announcement is dated 11 May 2016.





Announcement Info
Company Name DPS RESOURCES BERHAD
Stock Name DPS
Date Announced 11 May 2016
Category General Announcement for PLC
Reference Number GA1-11052016-00047

trading buy

http://www.thestar.com.my/Business/Business-News/2015/04/15/Property-developers-advised-to-address-demand-for-affordable-housing/?style=biz

http://www.theedgemarkets.com/my/article/stocks-momentum-mct?type=Markets

volume is coming

Cheers :)

normally a new chairman will always bring in the "added value" for this company soon..besides he's not a "calang-calang" chairman..have faith & make a wise decision.. cheers!

have faith in your own investment..the volume is back