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MATERIAL LITIGATION JOHOR BAHRU HIGH COURT SUIT NO. JA-22NCVC-204-10/2016 : PETRONAS GAS BERHAD (PLAINTIFF) VS. DWZ INDUSTRIES (JOHOR) SDN. BHD. AND DWZ INDUSTRIES SDN. BHD. (DEFENDANTS) (HEREIN REFERRED TO AS THE CIVIL ACTION)

MCLEAN TECHNOLOGIES BERHAD

Type Announcement
Subject MATERIAL LITIGATION
Description
JOHOR BAHRU HIGH COURT SUIT NO. JA-22NCVC-204-10/2016 :
PETRONAS GAS BERHAD (PLAINTIFF) VS. DWZ INDUSTRIES (JOHOR) SDN. BHD. AND  DWZ INDUSTRIES SDN. BHD. (DEFENDANTS) (HEREIN REFERRED TO AS THE CIVIL ACTION)

Reference is made to the previous announcements dated 1 November 2016, 2 November 2016, 28 November 2016 and 27 February 2017 in relation to the Letter of Demand served by Petroliam Nasional Berhad (“PNB”) and Petronas Gas Berhad (“PGB”).     

For consistency, the abbreviations used hereinafter throughout this announcement shall have the same meaning as defined in the preceding announcements unless stated otherwise.

The Board of Directors for MClean Technologies Berhad (“MClean” or “the Company”) wishes to announce that the Plaintiff has applied for an interim injunction pending the trial of the action and the hearing as scheduled was fixed for the 8 May 2017. The Company’s subsidiaries, DWZ Industries (Johor) Sdn. Bhd. and DWZ Industries Sdn. Bhd. (collectively referred to as “DWZ Entities”) have filed an affidavit to oppose the application and will resist the same robustly. The Court has given directions towards the preparation for the hearing and the DWZ Entities’ solicitors, had prepared for the hearing by way of submitting written submissions opposing the application. As parties are trying to narrow down the issues, the Johor Bahru High Court has adjourned this application to 25 May 2017.

MClean will make further announcement if there is any material development in the matter.

This announcement is dated 8 May 2017. 






Announcement Info

Company Name MCLEAN TECHNOLOGIES BERHAD
Stock Name MCLEAN
Date Announced 08 May 2017
Category General Announcement for PLC
Reference Number GA1-08052017-00058


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