KUANTAN FLOUR MILLS BERHAD (" the Company" or "KFM") Kuala Lumpur Magistrates Court Summons No: WA-A72NCVC-4935-11/2016 -Writ of Summons and Statement of Claim filed by Maxis Mobile Services Sdn Bhd (Formerly known as Malaysian Mobile Services Sdn Bhd) ("Maxis Mobile" or" the Plaintiff") against KFM Marketing Sdn Bhd ("KFMM" or the "Defendant"), a wholly owned subsidiary of KFM
| KUANTAN FLOUR MILLS BHD |
| Type | Announcement |
| Subject | MATERIAL LITIGATION |
| Description | KUANTAN FLOUR MILLS BERHAD (" the Company" or "KFM")
Kuala Lumpur Magistrates Court Summons No: WA-A72NCVC-4935-11/2016
-Writ of Summons and Statement of Claim filed by Maxis Mobile Services Sdn Bhd (Formerly known as Malaysian Mobile Services Sdn Bhd) ("Maxis Mobile" or" the Plaintiff") against KFM Marketing Sdn Bhd ("KFMM" or the "Defendant"), a wholly owned subsidiary of KFM
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The Board of KFM
wishes to inform that KFMM, a wholly owned subsidiary of KFM, had on 14
November 2016 received a Writ of Summons and Statement of Claim dated 25
October 2016 from Messrs. Francis Pereira & Shan.
(1) Date of receipt of the Writ of Summon and Statement of Claim ("the Writ") Both the Writ of Summons and the Statement of Claim were served on KFMM vide Messrs. Francis Pereira & Shan, being the solicitors for Maxis Mobile via a letter dated 8 November 2016 of which KFMM received on 14 November 2016. KFMM is required to enter an appearance at the Court within 14 days from the service of this Writ. (2) The particulars of the claim under the Writ, including the amount claimed for and the interest rate The claim pursuant to the Writ of Summons and Statement of Claim are as below: (a)The sum of RM8, 729.75 being the amount owing by KFMM as at 25.07.2016 (b)Interest at the rate of 1.5% per month on the amount of RM8, 729.75 stated above and calculated from 25.07.2016 until the date of full settlement. (c)Cost and any other relief that the Honorable court deem fit and proper. (3) Details of the default or circumstances leading to the filing of the Writ against KFMM The circumstances leading to the filing of the Writ against KFMM was due to the fact that KFMM had failed to settle the outstanding payment sum for the rental of telephone lines service provided by Maxis Mobile to KFMM. (4) The financial and operational impact of the Writ on the Group The Writ is not expected to have material financial and operational impact on the Group (5) The expected losses, if any, arising from the Writ Save and except for the outstanding payment sum due and the legal cost in defending against the Writ, the Company is not expected to incur any further losses arising from the Writ. (6) Steps taken and proposed to be taken in respect of the Writ KFMM is seeking the necessary legal advice to remedy this situation. Further announcement on the development of the above matter will be made to Bursa Malaysia Securities Berhad in due course. This announcement is dated 15 November 2016 |
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