Announcement Details/Table Section :
We refer to the Circular to Shareholders of JTB dated 26 September 2011 in respect of the Proposals (“Circular”).
On behalf of the Board of Directors of JTB, OSK Investment Bank Berhad wishes to announce the following development in relation to the Proposed Acquisition:-
On 17 October 2011, JTB had been informed by ADSB that ADSB had been issued a letter of demand on 14 October 2011 by the solicitors of Q.B.B. (Pte.) Ltd for the alleged infringement of “Q.B.B” trademarks and/or alleged passing off of its products as and for Q.B.B. (Pte.) Ltd’s products and that ADSB have allegedly misled/ deceived the public into thinking that the infringing products provided by ADSB have originated from and/or are associated with Q.B.B. (Pte.) Ltd.. In the said letter, Q.B.B. (Pte.) Ltd has demanded that ADSB stop manufacturing, distributing and selling the infringing products in Malaysia or elsewhere and further claimed for loss and damages allegedly suffered by Q.B.B. (Pte.) Ltd.
On 18 October 2011, ADSB had through its solicitors responded to the said demands by stating that:-
i. ADSB packs the Q.B.B. Pure Ghee under instruction from the Middle East trademark owner solely for export to the Middle East;
ii. ADSB does not and have never sold any QBB products in any country including Malaysia and have only exported the products to the Middle East;
iii. ADSB has upon discovering that the products were sold in Malaysia, immediately lodged a police report and a complaint with the Ministry of Domestic Trade, Co-operative and Consumerism.
Consequently, ADSB had denied the allegations contained in Q.B.B. (Pte.) Ltd’s solicitors’ letter of demand dated 14 October 2011.
This announcement is dated 18 October 2011.
