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

Company Name

R&A TELECOMMUNICATION GROUP BERHAD

Stock Name

RA

Date Announced

12 Feb 2016

Category

General Announcement for PLC

Reference Number

GA1-12022016-00021

MATERIAL LITIGATION R&A TELECOMMUNICATION GROUP BERHAD ("R&A" OR "THE COMPANY") - KUALA LUMPUR SESSIONS COURT WRIT NO. WA-A52NCC-22-01/2016: WRIT OF SUMMONS AND STATEMENT OF CLAIM FILED BY ORIX CREDIT MALAYSIA SDN. BHD. (ORIX) ("THE PLAINTIFF"), AGAINST R&A AND R&A TELECOMMUNICATION SDN. BHD. ("RASB"), A WHOLLY OWNED SUBSIDIARY OF R&A ("DEFENDANTS").

Type

Announcement

Subject

MATERIAL LITIGATION

Description

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

- KUALA LUMPUR SESSIONS COURT WRIT NO. WA-A52NCC-22-01/2016: WRIT OF SUMMONS AND STATEMENT OF CLAIM FILED BY ORIX CREDIT MALAYSIA SDN. BHD. (ORIX) ("THE PLAINTIFF"), AGAINST R&A AND R&A TELECOMMUNICATION SDN. BHD. ("RASB"), A WHOLLY OWNED SUBSIDIARY OF R&A ("DEFENDANTS").

Further to the Company’s announcements made on 19 January 2016 and 20 January 2016, the Board of Directors of R&A wishes to announce that R&A and RASB had on 11 February 2016 been served a  sealed Judgement In Default dated 3 February 2016 by the Plaintiff vide Messrs. K L Wong, wherein the Defendants were directed to pay to the Plaintiff:-

(a) The sum of RM208,020.27;

(b) Late payment interest on the amount of RM195,385.18 at a rate of 0.065% per day from 19 September 2015 until the date of full payment; and

(c) Cost of RM1,377.80.

This announcement is dated 12 February 2016.

GROWTH

R&A is aggressively expanding not only in the local Malaysian market.....
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DIVERSIFY

R&A’s diversification & expansion.....

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CLIENT

R&A has a solid background and reputation with Operators and MNC vendors.....
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