OTHERS PESTECH INTERNATIONAL BERHAD ("PESTECH") -
MATERIAL LITIGATION - KUALA LUMPUR HIGH COURT (WA-24C-92-06/2023)
PESTECH INTERNATIONAL BERHAD
Reference is made to PESTECH’s announcements made on 27 June 2023, 20 November 2023 and 5 December 2023 in relation to the filing of:-
(a) 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 (“SPYTL”), and;
(ii) to restrain SPYTL from receiving and/or utilizing proceeds that may have been received under the Performance Bond.
(b) Erinford Injunction Application to preserve PTECH’s interests pending the disposal of the Appeals.
PESTECH would like to announce that the High Court Judge has reserved his decision for the Erinford Injunction Application to 15 December 2023 and allowed the ad Interim Erinford Injunction granted by the High Court Judge on 20 November 2023 to continue to maintain status quo until the delivery of the decision on 15 December 2023.
This announcement is dated 11 December 2023.
