MATERIAL LITIGATION Ecoscience International Berhad ("EIB" or the "Company") - Writ of Summons and Statement of Claim Served to RDS Marketing Malaysia Sdn. Bhd. (the "Defendant") in the High Court of Malaya at Shah Alam ("Court") Civil Suit No. BA-22NCvC-6-01/2024 ("Suit")

ECOSCIENCE INTERNATIONAL BERHAD

Type Announcement
Subject MATERIAL LITIGATION
Description
Ecoscience International Berhad ("EIB" or the "Company") - Writ of Summons and Statement of Claim Served to RDS Marketing Malaysia Sdn. Bhd. (the "Defendant") in the High Court of Malaya at Shah Alam ("Court") Civil Suit No. BA-22NCvC-6-01/2024 ("Suit")

We refer to our announcements dated 5 January 2024, 9 January 2024 and 8 February 2024 in respect of the above Suit. Unless otherwise defined, all definitions used throughout this announcement shall have the same meaning as defined in our said earlier announcements.

The Board of the Company wishes to update that they have received notification from the Plaintiff’s solicitors today that the Defendant had on 26 February 2024 served the Statement of Defence & Counterclaim and Affidavit in Reply in respect of the Application. The Defendant has denied some of the Plaintiff's claims and counterclaimed against the Plaintiff for the following:

(a) The Plaintiff to pay the Defendant in the sum of RM397,660.99 as summarised below:

No.

Particulars of Services at the request of the Plaintiff

Amount (RM)

1

Supply of surveyor services

44,250.00

2

Supply of crusher run

86,407.49

3

Supply of Covid-19 RTK Antigens Test

5,170.00

4

Installation of Fencing and Single Leaf Swing Gate at the project site

261,833.50

Total (RM)

397,660.99

(b) Interest at the rate of 5% per annum on the judgement sum or such sums awarded by the Court from the date of Counterclaim to the date of realisation of the judgment;

(c) Costs; and

(d) Such further or other relief that the Court deems fit, just and proper in the circumstances be granted.

The Plaintiff is seeking the solicitor's advice and will reply to the Statement of Defence & Counterclaim accordingly.

The Company will make the necessary announcements to Bursa Malaysia Securities Berhad as and when there are further developments in relation thereof and/or upon receipt of any further directions by the Court.

This announcement is dated 27 February 2024.






Announcement Info

Company Name ECOSCIENCE INTERNATIONAL BERHAD
Stock Name EIB
Date Announced 27 Feb 2024
Category General Announcement for PLC
Reference Number GA1-27022024-00110