XST 0.00% 0.9¢ xstate resources limited

Ann: Appointment of Joint Company Secretary, page-93

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    the latest announcement by xstate sure has some interesting comments about whats been posted up on social media in the past here on hot copper

    15 May 2018

    ASX Limited Electronic lodgement

    Singapore Supreme Court Update

    Comments

    Xstate Resources Limited (ASX: XST) (“Xstate” or “the Company”) provides the following update in relation to its Singapore High Court action against Tanzil Hidayat (“Tanzil”), Chloe Kwok Yun Qing and Hong Hung Thiam.

    Xstate is continuing to take and remains committed to taking all available legal steps to pursue the defendants for recovery of the judgment debt awarded in Xstate's favour.

    Xstate is aware of recent social media reports stating that Tanzil is an undischarged bankrupt dating from November 2013. Xstate was only recently made aware of this at about the time of Tanzil's Examination of Judgement Debtor (“EJD”) process.

    Xstate is investigating those various assertions in the social media and the motivation behind those reports. In regard to Tanzil, Xstate is continuing to make enquiries and will pursue all legal enforcement measures against Tanzil (and the other defendants) including in respect of their assets not only in Singapore but worldwide.

    Further, Xstate is exploring its possible rights of redress against those involved in the social media reports and their publication. This may include but is not limited to the commencement of defamation proceedings against the authors of the social media reports.

    The Company will keep the market fully informed of any further changes.
 
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