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Kuala lumpur High Court (Commercial Division) Originating Summons no. D5-24-22-2008 Mohd Shuaib Ishak Vs Celcom (Malaysia) Berhad Kuala Lumpur High Court (Commercial Division) Civil Suit No. D3-22-1242-2008 Statutory Derivative Action

Back 19 Sep 2008
General Announcement
Reference No TI-080919-D88B8

Submitting Merchant Bank
:
 N/A 
Company Name
:
 TM INTERNATIONAL BERHAD 
Stock Name
:
 TMI
Date Announced
:
 19/09/2008


Type
:
 Announcement
Subject
:
KUALA LUMPUR HIGH COURT (COMMERCIAL DIVISION)
ORIGINATING SUMMONS NO. D5-24-22-2008
MOHD SHUAIB ISHAK vs CELCOM (MALAYSIA) BERHAD

KUALA LUMPUR HIGH COURT (COMMERCIAL DIVISION)
CIVIL SUIT NO. D3-22-1242-2008
STATUTORY DERIVATIVE ACTION

Contents
:

TM International Berhad ("TMI") refers to its previous announcement dated 1 August 2008 concerning its wholly-owned subsidiary, Celcom (Malaysia) Berhad ("Celcom").

Announcement Details :

TMI wishes to announce that the High Court had, today granted Celcom's application to stay the Order dated 9 July 2008 granting Mohd. Shuaib Ishak leave to commence a statutory derivative action in Celcom's name under Section 181A of the Companies Act 1965 ("Statutory Derivative Action") pending the disposal of Celcom's appeal to the Court of Appeal against the said Order.

By virtue of the abovementioned stay order granted today, all proceedings in the Originating Summons (item no. 1 above) and the Statutory Derivative Action (item no. 2 above) are now stayed pending disposal of Celcom's appeal.

TMI will make further announcement in respect of any material development on these matters.

This announcement is dated 19 September 2008.