News

Reference is made to our announcements dated 18 August 2017, 5 January 2018, 11 January 2018, 16 November 2018, 14 December 2018, 8 October 2020 and 19 July 2021 pertaining to the Writ of Summons and Statement of Claim filed by Transnasional Express Sdn. Bhd. (“Transnasional”), Plusliner Sdn. Bhd. (“Plusliner), Syarikat Kenderaan Melayu Kelantan Berhad (“SKMK”), Syarikat Rembau Tampin Sdn. Bhd. (“SRT”), Kenderaan Langkasuka Sdn. Bhd. (“Langkasuka”), Konsortium Transnasional Berhad (“KTB”) and MHSB Properties Sdn. Bhd. (“MHSB”) (collectively “the Plaintiffs”) against Tan Chong Industrial Equipment Sdn. Bhd. (“TCIE”), a wholly-owned subsidiary of Tan Chong Motor Holdings Berhad (“TCMH” or “the Company”).

TCMH wishes to announce that TCIE, through its solicitors, had, on 21 July 2021, filed the Notice of Appeal and on 22 July 2021, applied for a Stay of Execution of the judgment of the High Court on the basis that there are merits to TCIE's appeal on legal and evidential issues relating to the Plaintiffs' claims in the Writ of Summons and Statement of Claim.

The Company will update material developments on the above matter from time to time.

This announcement is dated 22 July 2021.