Yep back on 20082024 Statement of Claim was issued. It was undefended and defaulted .
Just to tidy things up
Timing in regards to not being announced by NUH and only days before NUH decision renegotiating payments to management?
9 SALUTICA BERHAD MATERIAL LITIGATION WRIT OF SUMMONS ("WRIT") AND STATEMENT OF CLAIM ("SOC") FILED AGAINST NUHEARA LIMITED ("NUHEARA" OR "DEFENDANT") BY SALUTICA ALLIED SOLUTIONS SDN. BHD. ("SAS" OR "PLAINTIFF"), A WHOLLY-OWNED SUBSIDIARY OF SALUTICA BERHAD ("SALUTICA" OR THE "COMPANY") KUALA LUMPUR HIGH COURT SUIT NO: WA-22NCC-406-06/2024
From Annual report https://disclosure.bursamalaysia.com/FileAccess/apbursaweb/download?id=237461&name=EA_DS_ATTACHMENTS
) Legal suit against Nuheara Ltd.On 24 June 2024, Salutica Allied Solutions Sdn. Bhd. (“the Plaintiff”), a wholly-owned subsidiary of theCompany had filed a Writ together with the Statement of Claim (“SOC”), at the High Court of Malaya inKuala Lumpur against Nuheara Ltd. (“the Defendant”), (“the Suit”).Salutica and Nuheara had entered an agreement entitled “Master Design, Development and ManufacturingAgreement” on 12 June 2018 that has an effective date of 16 April 2018 (hereinafter referred to as the “saidAgreement”) where the Defendant had in general appointed SAS to manufacture the Nuheara’s products.As at 21 June 2024, and after taking into account credit notes and partial payments by the Defendanteffectively amounting to USD41,844.51 before this, the sum that is still owing to the Plaintiff amounts toUSD1,717,486.45.Despite numerous demands from the Plaintiff, the Defendant has failed, neglected, and/or refused to pay itsdebt to the Plaintiff. As such, the Plaintiff has suffered losses amounting to USD1,717,486.45 or equivalentto RM8,088,502.44 (based on the exchange rate of 4.7095 by Bank Negara Malaysia on 21 June 2024).The claim pursuant to the Writ and Statement of Claim is as follows:a) Damages in the sum of USD1,717,486.45 or RM8,088,502.44;b) Pre-judgment interest at 5% per annum on sum (a) above calculated from the date of filing this actiontill the date of judgment;c) Judgment interest at 5% per annum on sum (a) and (b) above calculated from the date of judgmentto the date of full settlement;d) Costs for this action; ande) Any further and/or other relief as the Honourable Court deems fit.The Plaintiff has on 20 August 2024 obtained a judgment in default of appearance against the Defendant.Save for the above litigations, there is no litigation involving the Group which has a material effect on the financialposition of the Group and the Board is not aware of any material litigation or any proceedings pending or threatened.
https://newsfile.futunn.com/public/NN-PersistNoticeAttachment/7781/20240625/MYX/MYX_3458729_148347.pdf
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