On 14 February 2011 the Company announced that Ms.Seow Yin Lee (the “Plaintiff”) has instituted
legal proceedings against Perusahaan Getah Asas Sdn Bhd (“PGA”), a wholly owned subsidiary of
the Company, by way of a writ of summons and a statement of claim in the High Court of Malaya at
Shah Alam (the “Action”) The Plaintiff claims the existence of a non-disclosure agreement
(“Agreement”) that was entered with PGA, which the Plaintiff alleges was breached by PGA
sometime in late 2009 and/or early 2010. The Plaintiff is seeking an injunction against, amongst
others, PGA, its holding company and subsidiaries, and damages in the sum of RM 24 million for
breach of the Agreement and interest at 8% per annum over the said sum from the date of filing of the
writ.
The sum of RM 24 million as claimed is alleged by the Plaintiff to be her reputation loss, financial
loss or damages in projected profits. With respect to this allegation, the Plaintiff has not provided the
method or means of calculating such a loss.
The Company and PGA, through their solicitors are in the midst of preparing a defence to the Action.
The Directors of the Company and PGA in consultation with their solicitors are of the view that the
Action is lacking in merit, frivolous and that the prospects of successfully defending the Action are
good. In the unlikely event that the Plaintiff obtains judgment in the Action against PGA, the
Company is confident that it would not give rise to any material or adverse impact to the financial
position of the Company or any members of its Group.
Other than the above, there were no pending material litigation since the last audited annual balance
sheet date to the date of issue of the quarterly report.
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发表于 24-8-2011 02:14 PM
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