Company Name: KOBAY TECHNOLOGY BERHAD
Stock Name: KOBAY
Date Announced: 19 Dec 2023
Category: General Announcement for PLC
Reference Number: GA1-19122023-00031
Type: Announcement
Subject: MATERIAL LITIGATION
Description: Litigation Proceedings commenced by Bend Weld Engineering Sdn. Bhd. against FMC Technologies Limited
Pursuant to Paragraph 9.03 of the Main Market Listing Requirement of Bursa Malaysia Securities Berhad, the Board of Directors of Kobay Technology Bhd (‘Kobay”) wishes to announce that Bend Weld Engineering Sdn Bhd, a wholly-owned subsidiary of Kobay Industries Sdn. Bhd., who in turn is a wholly-owned subsidiary of Kobay, via its solicitors, has served proceedings by way of Claim Form and Particulars of Claim which filed in the High Court of Justice, Business and Property Courts of England and Wales, Technology and Construction Court (KBD) against FMC Technologies Limited (Company Number 002599569), a company incorporated in United Kingdom.
Kindly refer to the attachment for further details.
This announcement is dated 19 December 2023.
Please refer attachment below.
Attachments :
Bursa Announcement – Material Litigation Between BWE and FMC.pdf