The Board of Directors of Tamadam wish to announce that Tamadam has on 7th August 2009, through its solicitors, commenced a legal action against Sanyo Sales & Services Sdn Bhd (“the Defendant”) vide Shah Alam High Court Civil Suit No. 22-1114-2009 to obtain judgement for the following:-
(a) The sum of RM366,486.83 being the outstanding sum for “Total Logistics Services” rendered to the Defendant;
(b) Late interest of RM179,991.84 as at 18 June 2009;
(c) Late interest at the rate of 1.5% per month on the above sum of RM366,486.83 from 19 June 2009 until the date of full settlement;
(d) Costs; and
(e) Such other relief as the Honorable Court deems fair and just.
The Company upon advice by its solicitors is of the belief that it has a good case and/or claim against the Defendant.
This announcement is dated 7 August 2009.