OTHERS PESTECH INTERNATIONAL BERHAD ("PESTECH") -
MATERIAL LITIGATION - KUALA LUMPUR COURT OF APPEAL (W-02(C)(A)-1962-11/2023 & W-02(IM)(C)-1963-11/2023)
PESTECH INTERNATIONAL BERHAD
Reference is made to PESTECH’s announcements made on 27 June 2023 and 20 November 2023 in relation to the filing of appeals to the Court of Appeal (“Appeals”) against the High Court’s decisions which had dismissed PESTECH Technology Sdn. Bhd. (“PTECH”)’s injunction application vide Originating Summons and Ex-Parte Notice of Application dated 10 June 2023 to (i) restrain Maybank Islamic Berhad (“Maybank”) from making payment of the Performance Bond to Syarikat Pembenaan Yeoh Tiong Lay Sdn. Bhd. (“SPYTL”), and to (ii) restrain SPYTL from receiving and/or utilizing proceeds that may have been received under the Performance Bond.
PESTECH would like to announce that the Registrar of the Court of Appeal had on 4 December 2023, fixed the next case management of this matter on 20 December 2023 for parties to update the Court on the status of filing of the Record of Appeal, and to fix the hearing dates in relation to the Appeals.
This announcement is dated 5 December 2023.
