MATERIAL LITIGATION A Complaint / legal Suit under the Court of Intellectual Property and International Trade in the Kingdom of Thailand. Black Case No. Tor Por 112/2554 on 20th December Buddhist Era 2554 (2011) has been filed against Evergreen Fibreboard Berhad (“EFB”) by Dynea Chemicals OY (“Dynea” or “Plaintiff 1”), Mr Sombat Ardisart (“Sombat” or “Plaintiff 2”), Ms. Somsri Chairudtidach (“Somsri” or “Plaintiff 3”) and MP Particleboard Co. Ltd. (“MP” or “Plaintiff 4”) [collectively known as ‘the Plaintiffs”]. The Complaint / Legal Suit has been served on Kuo Jen Chang on 24th March 2012 in Thailand. Mr Kuo Jen Chang is the Managing Director of EFB’s subsidiary, Siam Fibreboard Co Ltd and the Chief Executive Officer of EFB. The Plaintiffs claimed that Kuo Jen Chang is the legal representative of EFB in Thailand. Kuo Jen Chang will be contesting that he is not the legal representative of EFB in Thailand. The hearing of the Suit is yet to be fixed.
Reference is made to Evergreen Fibreboard Berhad (“EFB”) previous announcement dated 3 July 2012 pertaining to the Material Litigation first announced on 28 March 2012. Evergreen Fibreboard Berhad would like to announce that the Company has been advised by their Thai Counsel that the Thai Court has extended the pre-trial hearing date to 18 September 2012.
dunno. but court case usually take time, few months to few years.. still have time to monitor on it. now the court case just start hearing, suspect still some share holders not aware of it.
Reference is made to Evergreen Fibreboard Berhad (“EFB”) previous announcement dated 7 August 2012 pertaining to the case filed by the other shareholders of Dynea Krabi Co., Ltd. (“the Plaintiffs”) against EFB in the intellectual Property and International Trade Court in Bangkok [Case Black No Tor Por 112/554] (“ Material Litigation”) first announced on 28 March 2012.
The Board of Directors would like to announce that the Material Litigation has been settled and withdrawn without any costs or compensation to either party resulting from the parties having executed and registered a Compromise Agreement [“CA”] before The Central Intellectual Property and International Trade Court in Bangkok, Thailand today.
In the Compromise Agreement,
1.It is agreed that EFB shall cease to be party of the joint venture pursuant to the sale of all its 412,500 shares in Dynea Krabi Co., Ltd. to other existing shareholders and the sale of shares to be completed on 1st October 2012.
2.The Plaintiffs and EFB has irrevocably agree to settle and compromise on the dispute under this Complaint/ Legal Suit and this Compromise Agreement shall constitute the absolute and final settlement of this Complaint/Legal Suit with no further claim be brought by any party against another party or parties in respect of the disputed matters in this Complaint / Legal Suit and all related agreements in respect of the joint venture.
last quarter result not good because of lower sales and having scheduled maintenance. board of directors confident will get better result in next quarter. wait and see can drop below 0.55 not. going to buy in more at lower price..
OSK forecast fair value RM 1.02 last quarter and now suddenly cut the target price to Rm 0.66, what type of forecast is this. Last quarter and this quarter is just difference about 3 months and suddenly the fair value difference can be about 40% + . OSK should fire this analyst because he not even can forecast accurately for just 3 months duration. The analyst forecast fair value is just a guessing work like small kids playing 'masak'. Sigh !
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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....
datuk
4,935 posts
Posted by datuk > 2012-07-12 15:04 | Report Abuse
world class player but inherit penny stock price? life time opportunity around.....ponder! Ponder ! ponder !