QL RESOURCES BERHAD (QLR OR THE COMPANY)
MATERIAL LITIGATION COMMENCED BY PT PIPIT MUTIARA INDAH (PMI OR 1ST PLAINTIFF), CHIA SEONG FATT (2ND PLAINTIFF), AND QL MUTIARA (S) PTE LTD (QLM OR 3RD PLAINTIFF) (COLLECTIVELY REFERRED TO AS PLAINTIFFS) AGAINST PT. PIPIT CITRA PERKASA (PCP OR 1ST DEFENDANT), JULIET KRISTIANTO LIU (JULIET OR 2ND DEFENDANT), AND KRISTIANTO KANDI SAPUTRO (KRIS OR 3RD DEFENDANT) (COLLECTIVELY REFERRED TO AS DEFENDANTS)
Reference is made to the Company's announcements made on 1 December 2021 and 6 December 2021.
The Company wishes to announce that the General Division of the High Court of the Republic of Singapore has on 11 September 2023 granted an order that all further proceedings related to or in connection with the Singapore High Court Suit (HC/S982/2021) be stayed pending the outcome of the SIAC arbitration as announced by the Company on 3 August 2023.
The Company will make further announcement as and when there are material developments on the above matter.
This announcement is dated 12 September 2023.
|Company Name||QL RESOURCES BERHAD|
|Date Announced||12 Sep 2023|
|Category||General Announcement for PLC|