JOHORE TIN BERHAD (532570-V) (“THE COMPANY” OR “JTB”) – STATEMENT OF CLAIM DATED 26 JUNE 1997, GENERAL CONTAINERS SDN BHD (“GCSB” OR “PLAINTIFF”) ALLEGES THAT TAN CHIN WAH @ SIN YIN SAN (1ST DEFENDANT”) HAD BREACHED HIS DUTIES AS A DIRECTOR OF GCSB, THAT THE 1ST DEFENDANT HAD CAUSED GCSB TO LOSE POSSESSION OF GCSB’S CHARGED ASSETS TO UNICAN INDUSTRIES SDN BHD (“UNI”) AND JOHORE TIN FACTORY SDN BHD (“JTF”) WHOLLY-OWNED SUBSIDIARIES OF JTB
JOHORE TIN BERHAD
Type
Announcement
Subject
MATERIAL LITIGATION
Description
JOHORE TIN BERHAD (532570-V) (“THE COMPANY” OR “JTB”)
– STATEMENT OF CLAIM DATED 26 JUNE 1997, GENERAL CONTAINERS SDN BHD (“GCSB” OR “PLAINTIFF”) ALLEGES THAT TAN CHIN WAH @ SIN YIN SAN (1ST DEFENDANT”) HAD BREACHED HIS DUTIES AS A DIRECTOR OF GCSB, THAT THE 1ST DEFENDANT HAD CAUSED GCSB TO LOSE POSSESSION OF GCSB’S CHARGED ASSETS TO UNICAN INDUSTRIES SDN BHD (“UNI”) AND JOHORE TIN FACTORY SDN BHD (“JTF”) WHOLLY-OWNED SUBSIDIARIES OF JTB
We refer to the Company’s announcements made on 24 May 2011, 30 November 2012, 4 March 2013 and 8 March 2013 respectively.Reference is drawn to the abovementioned litigation and wish to inform that the Plaintiff’s application for leave to appeal to the Federal Court was dismissed to Unican Industries Sdn. Bhd. and Johore Tin Factory Sdn. Bhd. on 9 September 2013.As a result, GCSB will not be able to appeal any further on this matter.