Axiata strives to raise our shareholder value by striking a balance between
short-term profitability and long-term growth.
| Type | Announcement |
| Subject | MATERIAL LITIGATION |
| Description |
1. KUALA LUMPUR HIGH COURT CIVIL SUIT NO: D1-22-1960-2008 CELCOM (MALAYSIA) BERHAD (CELCOM) & TECHNOLOGY RESOURCES INDUSTRIES BERHAD (TRI) VS TAN SRI DATO TAJUDIN BIN RAMLI (TSDTR) & 6 OTHERS (CONSPIRACY SUIT) 2. KUALA LUMPUR HIGH COURT CIVIL SUIT NO: D5-22-610-2006 CELCOM & TRI VS TSDTR AND 8 OTHERS (INDEMNITY SUIT) |
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Axiata Group Berhad (“Axiata”) refers to the announcement dated 8 November 2016 wherein it was announced that Celcom and TRI’s solicitors were served with the Notices of Appeal (“Appeals”) filed by TSDTR and Dato’ Bistamam bin Ramli (“BR”’) with the Court of Appeal against the decision of the High Court on 21 October 2016 striking out TSDTR and BR’s Counterclaims.
Axiata wishes to announce that the Court of Appeal has today allowed the Appeals and reinstated the Counterclaims for both the Conspiracy Suit and the Indemnity Suit filed by TSDTR and BR.
Axiata will make further announcements from time to time in respect of any material developments on these 2 matters.
The announcement is dated 4 May 2017. |
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| Company Name | AXIATA GROUP BERHAD |
| Stock Name | AXIATA |
| Date Announced | 04 May 2017 |
| Category | General Announcement for PLC |
| Reference Number | GA1-04052017-00089 |