17 November 2017 – Further to the Company’s announcement dated 25 May 2017 and 5 June 2017, the Board of Directors of Nexgram wishes to announce the following:-
“On 23.10.2017, the Kuala Lumpur High Court allowed Nexgram’s application seeking security for costs against R&A Telecommunication Group Berhad and R&A Telecommunication Sdn Bhd (collectively referred to as “R&A”).
R&A was ordered, inter alia, to pay RM40,000.00 as security within 21 days from 23.10.2017 but it failed to do so.
On 15.11.2017, the Kuala Lumpur High Court ordered that R&A’s action be struck out and dismissed due to R&A’s non-compliance with the Order of 23.10.2017.”
Source: http://www.bursamalaysia.com/market/listed-companies/company-announcements/5606905
Original suit: MATERIAL LITIGATION NEXGRAM HOLDINGS BERHAD (660055-H) (Nexgram) Writ of Summons and Statement of Claim by:- 1. R&A Telecommunication Group Berhad (R&A Group), 2. R&A Telecommunications Sdn. Bhd.(R&A Tele) collectively the Plaintiffs) against:- 1. Dato Tey Por Yee, 2. Mr. Lim Chye Guan, 3. Ms. Lim Wei Mun, 4. Nexgram 5.Info Genetic Sdn. Bhd.(IGSB), 6. Encik Mohd Ablynisyam Bin Abdullah and 7. Cik Dayangku Shafawati Binti Pengiran Bahrin collectively the Defendants).