Further to our announcement dated 22 September 2014, Protasco Berhad (“Protasco” or “Company”) wishes to provide additional information as follows:
Total amount of claims against the defendants
Against the 1st Defendant
- A payment of USD22 million;
- Pre-judgment interest on USD22 million pursuant to Section 11 of the Civil Law Act 1956 from the date of the Writ of Summons until the date of judgment at an interest rate of 5% per annum;
- Post judgment interest on USD22 million pursuant to Order 42 Rule 12 of the Rules of Court 2012 from the date of judgment till full and final settlement thereof at an interest rate of 5% per annum; and
- Damages for the breach of the Restated SPA.
Against the 2nd and 3rd Defendants
- A payment of USD27 million;
- Pre-judgment interest on USD27 million pursuant to Section 11 of the Civil Law Act 1956 from the date of the Writ of Summons until the date of judgment at an interest rate of 5% per annum;
- Post judgment interest on USD27 million pursuant to Order 42 Rule 12 of the Rules of Court 2012 from the date of judgment till full and final settlement thereof at an interest rate of 5% per annum;
i played this share 2 weeks ago $ made decent profits. I was waiting for 12.5 sen again to re-enter but now with this adverse publicity I'm staying out until the dust settles.
I hope the results will be good so those in can make money & run
good news! The Board of Directors of Nexgram wishes to announce that its wholly-owned subsidiary, Nexgram Land Sdn Bhd had on 25 September 2014 entered into a Share Sale Agreement with South Venture Holdings Limited, for the acquisition of Four Million and Two Hundred Thousand (4,200,000) ordinary shares of RM1.00 each in Top Symphony Sdn. Bhd. (“TSSB”), representing seventy per cent (70%) equity interest in TSSB for a total cash consideration of Ringgit Malaysia Twenty Four Million and Eight Hundred Thousand (RM24,800,000) only.
Please refer to the attached document for further details.
This book is the result of the author's many years of experience and observation throughout his 26 years in the stockbroking industry. It was written for general public to learn to invest based on facts and not on fantasies or hearsay....
DRwarrant
8,354 posts
Posted by DRwarrant > 2014-09-25 11:45 | Report Abuse
ARRGGHHHHHHHHHHHHHHHHHHHH......