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发表于 18-4-2020 07:10 AM
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| WESTPORTS HOLDINGS BERHAD |
Entitlement subject | Second Interim Dividend | Entitlement description | Second Interim Single-Tier Dividend of 6.26 sen per share for the financial year ended 31 December 2019 | Ex-Date | 20 Feb 2020 | Entitlement date | 21 Feb 2020 | Entitlement time | 5:00 PM | Financial Year End | 31 Dec 2019 | Period |
| | Share transfer book & register of members will be | to closed from (both dates inclusive) for the purpose of determining the entitlement | Payment Date | 03 Mar 2020 | a.Securities transferred into the Depositor's Securities Account before 4:30 pm in respect of transfers | 21 Feb 2020 | b.Securities deposited into the Depositor's Securities Account before 12:30 pm in respect of securities exempted from mandatory deposit |
| | c. Securities bought on the Exchange on a cum entitlement basis according to the Rules of the Exchange. | Number of new shares/securities issued (units)
(If applicable) |
| | Entitlement indicator | Currency | Announced Currency | Malaysian Ringgit (MYR) | Disbursed Currency | Malaysian Ringgit (MYR) | Entitlement in Currency | Malaysian Ringgit (MYR) 0.0626 |
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发表于 18-4-2020 07:10 AM
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Type | Announcement | Subject | OTHERS | Description | Press Release: Financial Results Announcement - Westports handled record Container Volume of 10.86 million Twenty-foot Equivalent Units ("TEUs") in 2019 | |
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发表于 18-4-2020 07:10 AM
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Type | Announcement | Subject | TRANSACTIONS (CHAPTER 10 OF LISTING REQUIREMENTS)
RELATED PARTY TRANSACTIONS | Description | WESTPORTS HOLDINGS BERHAD ("WHB" OR "COMPANY")PROPOSED ACQUISITION BY WESTPORTS MALAYSIA SDN BHD, A WHOLLY-OWNED SUBSIDIARY OF WHB, OF A PARCEL OF LEASEHOLD LAND HELD UNDER PAJAKAN NEGERI (PN) 7374, LOT NO. 72778, MUKIM AND DISTRICT OF KLANG, STATE OF SELANGOR DARUL EHSAN MEASURING ABOUT 146.4 HECTARES (361.762 ACRES) FROM PEMBINAAN REDZAI SDN BHD FOR A TOTAL CASH CONSIDERATION OF RM393,958,900 | On behalf of the Company, CIMB Investment Bank Berhad wishes to announce that Westports Malaysia Sdn Bhd, a wholly-owned subsidiary of the Company, has, on 7 February 2020, entered into a conditional sale and purchase agreement with Pembinaan Redzai Sdn Bhd (“PRSB”) to acquire a parcel of leasehold land held under Pajakan Negeri (PN) 7374, Lot No. 72778, Mukim and District of Klang, State of Selangor Darul Ehsan measuring about 146.4 hectares (361.762 acres), from PRSB for a total cash consideration of RM393,958,900 (“Proposed Acquisition”).
In view of the interests of the directors and major shareholder of WHB in the Proposed Acquisition, the Proposed Acquisition is a related party transaction under Paragraph 10.08 of the Main Market Listing Requirements of Bursa Malaysia Securities Berhad.
Please refer to the attachment for further details on the Proposed Acquisition.
This Announcement is dated 7 February 2020. |
https://www.bursamalaysia.com/market_information/announcements/company_announcement/announcement_details?ann_id=3021856
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发表于 9-5-2020 07:11 AM
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Type | Announcement | Subject | OTHERS | Description | Press Release: Chief Minister of Selangor, YAB Dato' Seri Amirudin Bin Shari Visited Westports and Officiated Groundbreaking Ceremony of the Westports Logistics Centre | |
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发表于 3-6-2020 07:05 AM
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SUMMARY OF KEY FINANCIAL INFORMATION
31 Mar 2020 |
| | INDIVIDUAL PERIOD | CUMULATIVE PERIOD | CURRENT YEAR QUARTER | PRECEDING YEAR
CORRESPONDING
QUARTER | CURRENT YEAR TO DATE | PRECEDING YEAR
CORRESPONDING
PERIOD | 31 Mar 2020 | 31 Mar 2019 | 31 Mar 2020 | 31 Mar 2019 | $$'000 | $$'000 | $$'000 | $$'000 |
| 1 | Revenue | 473,467 | 415,187 | 473,467 | 415,187 | | 2 | Profit/(loss) before tax | 201,892 | 185,676 | 201,892 | 185,676 | | 3 | Profit/(loss) for the period | 152,806 | 139,904 | 152,806 | 139,904 | | 4 | Profit/(loss) attributable to ordinary equity holders of the parent | 152,806 | 139,904 | 152,806 | 139,904 | | 5 | Basic earnings/(loss) per share (Subunit) | 4.48 | 4.10 | 4.48 | 4.10 | | 6 | Proposed/Declared dividend per share (Subunit) | 0.00 | 0.00 | 0.00 | 0.00 |
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| AS AT END OF CURRENT QUARTER | AS AT PRECEDING FINANCIAL YEAR END | 7
| Net assets per share attributable to ordinary equity holders of the parent ($$) | 0.7330 | 0.7508
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发表于 3-6-2020 07:05 AM
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Type | Announcement | Subject | OTHERS | Description | Press Release: Financial Results Announcement - Westports' Container Volume Slightly Lower in 1Q 2020 | |
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发表于 15-8-2020 08:18 AM
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本帖最后由 icy97 于 14-5-2021 09:50 AM 编辑
Type | Announcement | Subject | MATERIAL LITIGATION | Description | WESTPORTS HOLDINGS BERHAD ("WHB" OR "THE COMPANY") - LEGAL PROCEEDINGS BY WESTPORTS MALAYSIA SDN BHD, A WHOLLY-OWNED SUBSIDIARY OF WHB AGAINST ORACLE CORPORATION MALAYSIA SDN BHD & BANK OF AMERICA MALAYSIA BERHAD AT KUALA LUMPUR HIGH COURT | 1. INTRODUCTION The Board of Directors of WHB wishes to announce that its wholly-owned subsidiary, Westports Malaysia Sdn Bhd (“WMSB”), has filed in claims against Oracle Corporation Malaysia Sdn Bhd (“1st Defendant”) & Bank of America Malaysia Berhad (“2nd Defendant”) (collectively referred to as “the Parties”) at the Kuala Lumpur High Court in relation to the termination of Oracle Cloud Services Agreement and Oracle Implementation (as defined below).
2. PARTICULARS WMSB had on 30 November 2018 entered into a contract with 1st Defendant to subscribe for the Oracle ERP Software System through an Oracle Cloud Services Agreement, with an Oracle license fee of RM15,692,377.59, which is payable on a monthly instalment basis commencing from September 2019 up to February 2024 (“ERP Software Contract”). 1st Defendant subsequently assigned the ERP Software Contract to the 2nd Defendant, whereby WMSB was required to pay the instalment payments for the Oracle license directly to the 2nd Defendant.
Subsequently, WMSB had entered into another contract with the 1st Defendant for the implementation of the latter’s Oracle ERP Software System, amounting to RM14,248,127.52. WMSB had also entered into a contract with the 1st Defendants’ outsource partner amounting to RM1,037,180.00 for a payroll system (collectively referred to as “Oracle Implementation”).
During the Oracle Implementation process, the 1st Defendant had failed to fully resolve issues associated with the Oracle ERP Software System for the system to go-live. In relation thereto, WMSB had issued a Notice of Breach dated 26 November 2019 to the 1st Defendant and subsequently terminated the Oracle Cloud Services Agreement and Oracle Implementation on 30 December 2019.
Prior to the termination, WMSB has made payment amounting to RM6,750,697.24 for Oracle Implementation and Oracle license.
Post-termination, WMSB has received late payment notice and subsequent letter of demand from the 2nd Defendant to recover the license fee amounting to RM592,837.64 inclusive of interest.
WMSB therefore is seeking the reliefs against the defendants, inclusive amongst others:
i) 1st Defendant a) A declaration that the termination of the Oracle Cloud Services Agreement and Oracle Implementation is valid and effective;
b) A declaration in the event WMSB is required to pay on Oracle Cloud Services Agreement to the 2nd Defendant; then the 1st Defendant shall be responsible for all such payments;
c) 1st Defendant to pay WMSB damages to be assessed for 1st Defendant’s breach of Oracle Cloud Services Agreement and Oracle Implementation together with interest at the rate of 5% per annum on such damages so assessed;
d) 1st Defendant to compensate WMSB for RM6,750,697.24, being the total sum paid prior to termination together with interest at the rate of 5%; and
e) Cost of claims.
ii) 2nd Defendant a) An injunction to the 2nd Defendant from demanding the Oracle license fee against WMSB until the full and final disposal of the proceedings;
b) A declaration that WMSB need not pay for the Oracle Cloud Services Agreement to the 2nd Defendant on the grounds that the Oracle Cloud Services Agreement has been terminated; and
c) Cost of claims.
iii) Such other relief WMSB and the Parties have failed to reach an amicable settlement on this case.
In addition, the 1st Defendant has submitted a counter-claim for RM4,059,077.08 on services carried out during the Oracle Implementation on 29 February 2020. WMSB is disputing against the counter-claim owing to the termination of the Oracle Cloud Services Agreement and the unsatisfactory performance of the alleged completed milestones for which the invoices were never issued in the first place.
The case management has been fixed at the Kuala Lumpur High Court on 8 July 2020.
3. OPERATIONAL AND FINANCIAL IMPACT AND THE INTEREST OF DIRECTORS AND SUBSTANTIAL SHAREHOLDERS OF WHB The termination is not expected to have any material impact on the operation as WMSB has received confirmation from its existing ERP Software System vendor to continue supporting the existing system.
The proceedings are not expected to have any material impact on the earnings, net assets or gearing of WHB for the financial year ending 31 December 2020. None of the directors or substantial shareholders of WHB or persons connected to them has any interest, direct or indirect in the aforesaid proceedings.
WHB will make further announcements as and when there are material developments in respect of the aforesaid proceedings.
This announcement is dated 12 June 2020.
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发表于 15-8-2020 08:19 AM
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Type | Announcement | Subject | OTHERS | Description | Press Release: Westports Commenced Legal Proceedings Against Oracle and Bank of America | |
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发表于 26-10-2020 04:38 AM
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Type | Announcement | Subject | OTHERS | Description | Press Release: Minister of Transport, YB. Datuk Seri Ir. Dr. Wee Ka Siong, Visited Westports and Officiated Westports Worlds First Wireless Remote P-Check System | |
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发表于 11-11-2020 08:12 AM
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SUMMARY OF KEY FINANCIAL INFORMATION
30 Jun 2020 |
| | INDIVIDUAL PERIOD | CUMULATIVE PERIOD | CURRENT YEAR QUARTER | PRECEDING YEAR
CORRESPONDING
QUARTER | CURRENT YEAR TO DATE | PRECEDING YEAR
CORRESPONDING
PERIOD | 30 Jun 2020 | 30 Jun 2019 | 30 Jun 2020 | 30 Jun 2019 | $$'000 | $$'000 | $$'000 | $$'000 |
| 1 | Revenue | 431,602 | 454,453 | 905,069 | 869,640 | | 2 | Profit/(loss) before tax | 174,714 | 218,808 | 376,606 | 404,484 | | 3 | Profit/(loss) for the period | 134,340 | 166,317 | 287,146 | 306,221 | | 4 | Profit/(loss) attributable to ordinary equity holders of the parent | 134,340 | 166,317 | 287,146 | 306,221 | | 5 | Basic earnings/(loss) per share (Subunit) | 3.94 | 4.88 | 8.42 | 8.98 | | 6 | Proposed/Declared dividend per share (Subunit) | 5.05 | 6.74 | 5.05 | 6.74 |
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| AS AT END OF CURRENT QUARTER | AS AT PRECEDING FINANCIAL YEAR END | 7
| Net assets per share attributable to ordinary equity holders of the parent ($$) | 0.7724 | 0.7508
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发表于 11-11-2020 08:12 AM
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| WESTPORTS HOLDINGS BERHAD |
Entitlement subject | First Interim Dividend | Entitlement description | First Interim Single-Tier Dividend of 5.05 sen per share for the financial year ending 31 December 2020 | Ex-Date | 10 Aug 2020 | Entitlement date | 11 Aug 2020 | Entitlement time | 5:00 PM | Financial Year End | 31 Dec 2020 | Period |
| | Share transfer book & register of members will be | to closed from (both dates inclusive) for the purpose of determining the entitlement | Payment Date | 21 Aug 2020 | a.Securities transferred into the Depositor's Securities Account before 4:30 pm in respect of transfers | 11 Aug 2020 | b.Securities deposited into the Depositor's Securities Account before 12:30 pm in respect of securities exempted from mandatory deposit |
| | c. Securities bought on the Exchange on a cum entitlement basis according to the Rules of the Exchange. | Number of new shares/securities issued (units)
(If applicable) |
| | Entitlement indicator | Currency | Announced Currency | Malaysian Ringgit (MYR) | Disbursed Currency | Malaysian Ringgit (MYR) | Entitlement in Currency | Malaysian Ringgit (MYR) 0.0505 |
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发表于 11-11-2020 08:13 AM
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Type | Announcement | Subject | OTHERS | Description | Press Release: Financial Results Announcement - Westports handled Container Volume of 4.8 million Twenty-foot Equivalent Units ("TEUs") in 6-month of 2020 | |
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发表于 23-1-2021 09:27 AM
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icy97 发表于 21-12-2017 06:36 AM
西港子公司被追税近6000万
净资产不受影响
2017年12月21日
（吉隆坡20日讯）内陆税收局追税马不停蹄，本次中招的上市公司为西港控股（WPRTS，5246，主板贸服股），子公司被追讨总共5950万8267令吉的税金和罚 ...
Type | Announcement | Subject | OTHERS | Description | WESTPORTS HOLDINGS BERHAD ("WHB" OR "THE COMPANY") - BILLS OF DEMAND FROM ROYAL MALAYSIAN CUSTOMS DEPARTMENT - UPDATE | Reference is made to the Company’s announcement dated 20 December 2017 (“Announcement”).
Unless otherwise stated, the terms used throughout the announcement shall have the same meanings as defined in the Announcement.
The Board of Directors of WHB wishes to announce that WMSB, a wholly-owned subsidiary of the Company and the Royal Malaysian Customs Department (“RMCD”) have reached an out-of-court settlement on the above subject matter as follows:
1. WMSB has settled the payment of import duties for non-time barred cases amounting to RM13.614 million and also goods and services tax amounting to RM10.539 million.
2. The RMCD withdrew the bills of demand on time-barred cases amounting to RM35.355 million.
Accordingly, WMSB withdrew the judicial review application against the RMCD, and the High Court recorded the out-of-court settlement on 24 September 2020.
The Company had made a provision amounting to RM24.153 million in its consolidated Audited Financial Statements for the financial year ended 31 December 2017 for the claims related to bills of demand issued by the RMCD, which is equivalent to the out-of-court settlement amount that WMSB has reached with the RMCD.
With RMCD’s withdrawal of bills of demand on time-barred cases amounting to RM35.355 million, the Company’s contingent liability amounting to RM35.355 million would be expunged from WMSB’s financial statements for the financial year ending 31 December 2020.
There is no financial impact, and no operational impact on the group results for the financial year ending 31 December 2020 arising from the above matter.
This announcement is dated 24 September 2020.
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发表于 18-2-2021 08:41 AM
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本帖最后由 icy97 于 19-7-2021 10:27 AM 编辑
Type | Announcement | Subject | OTHERS | Description | WESTPORTS HOLDINGS BERHAD ("WHB" OR "THE COMPANY") - NOTICE OF ADDITIONAL TAX ASSESSMENT RECEIVED FROM THE INLAND REVENUE BOARD OF MALAYSIA | The Board of Directors of WHB wishes to announce that Westports Malaysia Sdn Bhd (“WMSB”), a wholly-owned subsidiary of the Company, has been served with the Notice of Additional Assessment for additional tax liabilities, inclusive of penalties for the years of assessment from 2013 to 2018, by the Inland Revenue Board of Malaysia (“IRB”) (“the Notice”).
The IRB has raised an additional tax assessment of RM120,576,255.74 in relation to the following: - Total annual lease payment made by WMSB to the Port Klang Authority (“PKA”) amounting to RM299,901,840.00 for the years of assessment from 2013 to 2018; and
- Deferred revenue of RM7,965,536.00 for the year of assessment 2018.
The IRB has now assessed that the annual lease payment made by WMSB to the PKA as not allowable for deduction in WMSB’s tax computation.
WMSB has obtained confirmation from its tax advisors and legal advice from the tax solicitors to contend incontrovertibly that IRB’s interpretation is fundamentally erroneous. WMSB’s accounting policy and the treatment of the annual lease payments have been audited annually by among the largest professional accounting firms since 2013 with no qualification.
WMSB will appeal and contest against the Notice of additional assessment. WHB will make further announcements if there are any material developments in respect of the foregoing.
This announcement is dated 5 October 2020.
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Type | Announcement | Subject | OTHERS | Description | Press Release: Westports Sets New Record by Handling 23,183 Twenty-foot Equivalent Unit ("TEU") on One Vessel | |
SUMMARY OF KEY FINANCIAL INFORMATION
30 Sep 2020 |
| | INDIVIDUAL PERIOD | CUMULATIVE PERIOD | CURRENT YEAR QUARTER | PRECEDING YEAR
CORRESPONDING
QUARTER | CURRENT YEAR TO DATE | PRECEDING YEAR
CORRESPONDING
PERIOD | 30 Sep 2020 | 30 Sep 2019 | 30 Sep 2020 | 30 Sep 2019 | $$'000 | $$'000 | $$'000 | $$'000 |
| 1 | Revenue | 528,359 | 460,430 | 1,433,428 | 1,330,070 | | 2 | Profit/(loss) before tax | 270,278 | 211,311 | 646,884 | 615,795 | | 3 | Profit/(loss) for the period | 203,849 | 159,236 | 490,995 | 465,457 | | 4 | Profit/(loss) attributable to ordinary equity holders of the parent | 203,849 | 159,236 | 490,995 | 465,457 | | 5 | Basic earnings/(loss) per share (Subunit) | 5.98 | 4.67 | 14.40 | 13.65 | | 6 | Proposed/Declared dividend per share (Subunit) | 0.00 | 0.00 | 5.05 | 6.74 |
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| AS AT END OF CURRENT QUARTER | AS AT PRECEDING FINANCIAL YEAR END | 7
| Net assets per share attributable to ordinary equity holders of the parent ($$) | 0.7817 | 0.7508
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Type | Announcement | Subject | OTHERS | Description | Press Release: Financial Results Announcement - Westports handled Container Volume of 7.7 million Twenty-foot Equivalent Units ("TEUS") in first 9 months of 2020 | |
Type | Announcement | Subject | OTHERS | Description | Press Release: Maiden Call by the World's Largest Liquefied Natural Gas ("LNG") Container Vessel, CMA CGM Jacques Saadé at Westports | |
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发表于 14-11-2021 06:51 AM
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SUMMARY OF KEY FINANCIAL INFORMATION
30 Sep 2021 |
| | INDIVIDUAL PERIOD | CUMULATIVE PERIOD | CURRENT YEAR QUARTER | PRECEDING YEAR
CORRESPONDING
QUARTER | CURRENT YEAR TO DATE | PRECEDING YEAR
CORRESPONDING
PERIOD | 30 Sep 2021 | 30 Sep 2020 | 30 Sep 2021 | 30 Sep 2020 | $$'000 | $$'000 | $$'000 | $$'000 |
| 1 | Revenue | 504,891 | 528,359 | 1,518,127 | 1,433,428 | | 2 | Profit/(loss) before tax | 265,171 | 270,278 | 774,389 | 646,884 | | 3 | Profit/(loss) for the period | 199,056 | 203,849 | 585,346 | 490,995 | | 4 | Profit/(loss) attributable to ordinary equity holders of the parent | 199,056 | 203,849 | 585,346 | 490,995 | | 5 | Basic earnings/(loss) per share (Subunit) | 5.84 | 5.98 | 17.17 | 14.40 | | 6 | Proposed/Declared dividend per share (Subunit) | 0.00 | 0.00 | 8.50 | 5.05 |
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| AS AT END OF CURRENT QUARTER | AS AT PRECEDING FINANCIAL YEAR END | 7
| Net assets per share attributable to ordinary equity holders of the parent ($$) | 0.8516 | 0.8297
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Type | Announcement | Subject | OTHERS | Description | Press Release: Financial Results Announcement - Westports Handled Container Volume of 7.9 million Twenty-Foot Equivalent Units ("TEUs") in the 9-month of 2021 | |
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发表于 8-9-2022 09:53 AM
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Type | Announcement | Subject | MATERIAL LITIGATION | Description | WESTPORTS HOLDINGS BERHAD ("WHB" OR "THE COMPANY") UPDATE ON LEGAL PROCEEDINGS BY WESTPORTS MALAYSIA SDN BHD, A WHOLLY-OWNED SUBSIDIARY OF WHB AGAINST ORACLE CORPORATION MALAYSIA SDN BHD ("1st DEFENDANT") & BANK OF AMERICA MALAYSIA BERHAD ("2nd DEFENDANT") (collectively known as "the Parties") AT KUALA LUMPUR HIGH COURT ("SUIT") | Unless otherwise stated, the terms used throughout the announcement shall have the same meanings defined in the Announcements dated 12 June 2020, 23 December 2020 and 28 June 2022. Oracle Corporation Malaysia Sdn Bhd (“Oracle”) is the 1st defendant, while Bank Of America Malaysia Berhad (“BOA”) is the 2nd defendant in the Suit.
The Board of Directors of WHB wishes to announce that its wholly owned subsidiary, Westports Malaysia Sdn Bhd (“WMSB”), has reached an amicable out-of-court settlement with Oracle’s solicitor on 24 August 2022 in accordance with the Memorandum of Acceptance of the Settlement Arrangement (“MASA”) executed by both parties on 19 August 2022, terms of which are to be kept confidential (herein referred to as "Out-of-Court Settlement"). Pursuant to the MASA and as of the date of the announcement, both parties have withdrawn all the Suits.
WMSB have received confirmation from BOA’s solicitor in their letter dated 23 August 2022 that it will not enforce the summary judgement granted by the Court of Appeal on 27 June 2022 against WMSB, which will be settled between Oracle and BOA.
The Board of Directors is of the view that the MASA is in the best interest of the Company.
The Out-of-Court Settlement will be reflected in the financial statements for the financial year ending 31 December 2022 and will not have any material impact on the earnings, net assets or gearing of WHB for the financial year ending 31 December 2022.
None of the directors or substantial shareholders of WHB or persons connected to them has any interest, direct or indirect in the aforesaid proceedings.
This announcement is dated 29 August 2022. |
Type | Reply to Query | Reply to Bursa Malaysia's Query Letter - Reference ID | IQL-05092022-00001 | Subject | UPDATE ON LEGAL PROCEEDINGS BY WESTPORTS MALAYSIA SDN BHD, A WHOLLY-OWNED SUBSIDIARY OF WHB AGAINST ORACLE CORPORATION MALAYSIA SDN BHD ("1st DEFENDANT") & BANK OF AMERICA MALAYSIA BERHAD ("2nd DEFENDANT") (collectively known as "the Parties") AT KUALA LUMPUR HIGH COURT ("SUIT") | Description | WESTPORTS HOLDINGS BERHAD ("WHB" OR "THE COMPANY") UPDATE ON LEGAL PROCEEDINGS BY WESTPORTS MALAYSIA SDN BHD, A WHOLLY-OWNED SUBSIDIARY OF WHB AGAINST ORACLE CORPORATION MALAYSIA SDN BHD ("1st DEFENDANT") & BANK OF AMERICA MALAYSIA BERHAD ("2nd DEFENDANT") (collectively known as "the Parties") AT KUALA LUMPUR HIGH COURT ("SUIT") | Query Letter Contents | We refer to your Company’s announcement dated 29 August 2022 as well as subsequent telephone conversations between Bursa Securities and WHB on 30 August 2022 and 1 September 2022, in respect of the aforesaid matter.
In this connection, kindly furnish Bursa Securities with the following additional information for public release:-
1. To provide the salient terms of the Out-of-Court Settlement including the quantum of the settlement, where applicable. | Further to Westports Holdings Berhad’s (“WHB” or “the Company”) announcement dated 29 August 2022 and Bursa Malaysia Securities Berhad’s query letter reference number IQL-05092022-00001 dated 5 September 2022, we set out our response to the same:-
To provide the salient terms of the Out-of-Court Settlement including the quantum of the settlement, where applicable.
The following are the salient terms of the Memorandum of Acceptance of the Settlement Arrangement (“MASA”) signed between Westports Malaysia Sdn Bhd (“WMSB”) and Oracle Corporation Malaysia Sdn Bhd (“Oracle”) on 19 August 2022:-
(a) WMSB will make a payment of RM4,900,000 to Oracle, being full and final settlement for this suit. (b) Written confirmation from Bank of America Malaysia Berhad’s (“BOA”) solicitor that BOA will not be enforcing the summary judgement granted by the Court of Appeal on 27 June 2022 against WMSB, which will be settled between Oracle and BOA. The summary judgement amounted to RM RM14,539,665. (c) WMSB shall make a payment of RM4,900,000 within twenty-four (24) hours upon receipt of BOA’s solicitor’s letter above. (d) On payment, WMSB shall withdraw stay application and leave application at Federal Court against Court of Appeal Decision on BOA with no liberty to file a fresh claim. (e) Both WMSB and Oracle to withdraw their claim and counterclaims from the Courts. Parties have no liberty to file a fresh claim and shall bear their own costs. Parties henceforth further agreed to waive all effects and enforcement of each court made pursuant to the suit and/or any appeal arising therefrom. (f) Oracle imposes a condition that other than disclosures that are required made under the law and/or regulations and/or requirements imposed by the relevant authority and regulatory body, the settlement terms herein shall be kept confidential, and nothing herein shall be construed as an admission of any allegation made against the respective Parties in this case. Parties shall not at any time make, publish or communicate to any person or entity or in any public forum any defamatory or disparaging remarks, comments or statements, unless required/compelled by a valid order of a court of competent jurisdiction or an authorised government agency pursuant to any applicable law or regulation, concerning the respective Parties and/or its employees and/or its officers and/or any other affiliated entities in relation to and arising from the subject matter of this case. (g) Should there be a breach on item (f), the non-defaulting party shall be at liberty to pursue claim against the defaulting party for any such breach.
By the date of the announcement on 29 August 2022, Parties have complied with MASA as follows:-
(a) WMSB have received confirmation from BOA’s solicitor in their letter dated 23 August 2022 that it will not enforce the summary judgement granted by the Court of Appeal on 27 June 2022 against WMSB, which will be settled between Oracle and BOA. (b) WMSB made payment to Oracle on 24 August 2022. (c) WMSB and Oracle have filed notices of discontinuance in the respective courts with no liberty to file a fresh claim on 25 August 2022.
The cost incurred by WMSB for the financial year ending 31 December 2022 is RM4,900,000. In the prior years, WMSB made payments of RM6,862,792 to Oracle, BOA and Oracle’s outsource partner. The total cost incurred in the prior years and this payment amounted to RM11,762,792 (excluding legal cost). Total exposure from this suit was RM30,977,685.
This announcement is dated 7 September 2022. |
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发表于 10-10-2023 01:53 PM
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3.15 10102023
这价钱也真的让我伤心
需要减持吗？
平均价位 3.50 |
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发表于 28-9-2024 01:10 PM
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Type | Announcement | Subject | OTHERS | Description | Press Release: Y.A.B. Dato' Seri Anwar Bin Ibrahim, Prime Minister of Malaysia, Officially Breaks Ground to Commemorate the Commencement of Westports 2 Container Terminal Expansion from CT10 to CT17. | |
Type | Announcement | Subject | OTHERS | Description | Press Release: Westports Commits a Minimum of RM1.0 Million Annually to CSR Programmes and Enters into a Memorandum of Collaboration with Yayasan Hijau Malaysia and Menteri Besar Selangor (Pemerbadanan) on the Selangor Environmental Conservation and Cultural Alliances (SECCA) | |
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