Description | We refer to Bursa Malaysia Securities Berhad's letter dated 18 November 2014 in relation to the Company's announcement dated 14 November 2014. We are pleased to furnish the following additional information for public release:-
1. The date on which the Defence and Counterclaim was served on Impianas Sdn Bhd
Impianas Sdn Bhd (Impianas) had received the Defense and Counterclaim from its solicitors on 12 November 2014.The Defense and Counterclaim was served on the Company's solicitors on 3 November 2014.
2. The financial and operational impact of the Defence and Counterclaim on Theta Edge Berhad group
The filing of the Defense and Counterclaim is not expected to have financial and operational impact on the Theta Edge Berhad Group.
3. The expected losses, if any, arising from the Defence and Counterclaim
No losses are expected to arise from the filing of the Defense and Counterclaim. However, in the event that Tenaga Nasional Berhad is successful in its counter claim against Impianas, there would be material negative financial impact to the earnings per share and net assets per share of Theta Edge.
However, based on the facts on hand, Theta Edge is of the opinion that the Counterclaim filed is baseless and without merit. |
Query Letter Contents | We refer to your Company's announcement dated 14 November 2014 in respect of
the above matter.
In this connection, kindly furnish Bursa Malaysia Securities Berhad ("Bursa
Securities") with the following additional information for public release:-
(1) The date on which the Defence and Counterclaim was served on Impianas Sdn
Bhd.
(2) The financial and operational impact of the Defence and Counterclaim on
Theta Edge Berhad group.
(3) The expected losses, if any, arising from the Defence and Counterclaim.
Please furnish Bursa Securities with your reply via an announcement within one
(1) market day from the date hereof.
Yours faithfully
TAN YEW ENG
Vice President, Issuers
Listing Division, Regulation
TYE/NMA
copy to:- General Manager & Head, Market Surveillance Department, Market
Oversight Division, Securities Commission (via fax) |
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