We refer to our announcement dated 15 April 2019 and series of subsequent announcements thereafter in relation to the legal proceedings by PSKIN against the GOM.
The Company wishes to announce that the Kuala Lumpur High Court today fixed the next case management date on 11 April 2022.
The Company will make the necessary announcements on material developments in respect of this matter from time to time.
This announcement is dated 28 March 2022.
How the hell they manage to postpone, seriously something wrong here!!!!!!!!
It was ONLY suppose to be a case management not a full court case. They only need a court registra ( no judge ) with both sides of the litigation to hammer it out to see if they can come to an agreement or need to settle it in court with a judge.
A case management is an alternative to getting an out of court settlement. In the event it does not happen then we will get the long process of a court hearing before a final decision as well as the amount to be determined if needed.
We refer to our announcement dated 15 April 2019 and series of subsequent announcements thereafter in relation to the legal proceedings by PSKIN against the GOM.
The Company wishes to announce that during the case management held today, the next hearing date has been scheduled on 4 July 2022 in respect of PSKIN’s application to hold a discussion between costs experts.
The Company will make the necessary announcements on material developments in respect of this matter from time to time.
Seriously, i have no comment on this but there are few things can be done to hasten the process.
1. They should get the verdict first before they evaluate the cost for the compensation. It is pointless for them evaluating without having a final judgement.
2. I feel these people really dragging and aint giving shit to this company.
@software guy, i don't think it would drop below 0.50. It would touch 0.510(maybe) but i doubt it else hovering around 0.545 only.
This company balance sheet is very healthy and they could just survive with it only. Besides, they EPS back to normal and if it improves along the way, by all means those holding it would be rewarded.
Just look at this 2 figures and keep some cash for emergency fund. Don't forget aite. All the best. <3.
Under the terms of the agreement, Awantec Systems will be appointed the exclusive partner to Google for the provision of its services to the Malaysian government.
Awanbiru said the agreement is for a period of 35 months commencing on Feb 1, 2022, and expiring on Dec 31, 2024.
If the Awantec write-off their trade receivables RM182.798 in 2022 then the big losses coming!!! Refer page 135 Annual Report 2021. As at 30 June 2021, trade receivables amounted to approximately RM187.62 million (included an amount of RM182.798 million owing by the Government of Malaysia (“GOM”) in relation to the development of SKIN solution). The details of trade receivables and its credit risks are disclosed in Note 51.1(b)(iii) to the financial statements.
EVO118, don’t have hope in this hearing… should drag again… even won I don’t think the share price will move much judging from securing so many contracts
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