Bursa Announcements

We refer to our announcements dated 15 May 2017, 27 November 2017, 29 November 2017, 14 May 2018, 1 July 2019 and 4 October 2021 pertaining to the defence on a Motion to Add and Correct Complaint against Narita Motorcare (Cambodia) Co. Ltd (“Narita”), Mr. Long Narith and Ms. Pich Sokhom, the representatives of Narita (collectively, the “Plaintiffs”) filed by ETCM (C) Pty Ltd (“ETCM (C)”) and Tan Chong Motor (Cambodia) Pty Ltd (“TCMC”) (collectively, the “Defendants”), both wholly-owned subsidiaries of Tan Chong Motor Holdings Berhad (“Company”).   

The Company wishes to inform that ETCM (C) and TCMC, through the Solicitors, had on 19 October 2021 filed the appeal against the final judgement dated 29 July 2021 of the Phnom Penh Court of Appeal at the Supreme Court.

Accordingly, the decision by the Court of Appeal on 27 September 2021 ordering ETCM (C) and TCMC to pay damages of USD3,953,130 to Narita would not be executed until receipt of the outcome of the appeal from the Supreme Court.

Further announcement will be made should there be any material development on this matter.

This announcement is dated 21 October 2021.

Announcement Info