R&A Telecommunication Group Bhd
+603 55691801 +603 55695730

Company Name

R&A TELECOMMUNICATION GROUP BERHAD

Stock Name

RA

Date Announced

21 Oct 2015

Category

General Announcement for PLC

Reference Number

GA1-19102015-00080

MATERIAL LITIGATION R&A TELECOMMUNICATION GROUP BERHAD ("R&A" OR "THE COMPANY") - SHAH ALAM HIGH COURT SUIT NO. 22M-19-09/2015 ("HIGH COURT"): WRIT OF SUMMONS TOGETHER WITH STATEMENT OF CLAIM ("CLAIM") FILED BY MAYBANK ISLAMIC BERHAD ("MAYBANK"), AGAINST R&A TELECOMMUNICATION SDN. BHD. ("RASB") A WHOLLY OWNED SUBSIDIARY OF RA ("1ST DEFENDANT"); R&A TELECOMMUNICATION GROUP BERHAD ("2ND DEFENDANT"); AND MR. FRANCIS TAN HOCK LEONG ("3RD DEFENDANT").

Type

Announcement

Subject

MATERIAL LITIGATION

Description

R&A TELECOMMUNICATION GROUP BERHAD ("R&A" OR "THE COMPANY")

 - SHAH ALAM HIGH COURT SUIT NO. 22M-19-09/2015 ("HIGH COURT"): WRIT OF SUMMONS TOGETHER WITH STATEMENT OF CLAIM ("CLAIM") FILED BY MAYBANK ISLAMIC BERHAD ("MAYBANK"), AGAINST R&A TELECOMMUNICATION SDN. BHD. ("RASB") A WHOLLY OWNED SUBSIDIARY OF RA ("1ST DEFENDANT"); R&A TELECOMMUNICATION GROUP BERHAD ("2ND DEFENDANT"); AND MR. FRANCIS TAN HOCK LEONG ("3RD DEFENDANT").

For consistency, the abbreviations used throughout this announcement shall have the same meanings as defined in the announcement dated 16 October 2015 in relation to Material Litigation, where applicable, unless stated otherwise or defined herein.

With reference to the Company’s announcement made on 16 October 2015, the Board of Directors of RA wishes to add the following information:-

1) The total principal amount due and owing to Maybank as at 31 July 2015 is RM30,525,486.88;

2) The amount of Ta'widh or Late Payment Charge due and owing to Maybank for July 2015 is RM17,563.64. The amount of profit and ta'widh or Late Payment Charge at the respective rates set out in the Statement of Claim from 1 August 2015 until the date of full payment could not be quantify as the Company has yet to secure the information from Maybank. 

3) The total cost of investment in R&A Telecommunication Sdn. Bhd. is RM69,800,000.00.

This announcement is dated 21 October 2015.

GROWTH

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