Reference is made to the Company’s previous announcements made on 21 January 2020, 31 January 2020, 18 February 2020, 24 March 2020, 13 April 2020, 22 May 2020, 26 June 2020, 30 June 2020 and 15 July 2020 (“the Announcements”) in relation to the trading suspension of ATTA Securities and development of the investigation on the offence under the Dangerous Drugs Act, 1952.

The Board of Directors of ATTA wishes to inform the further developments of the above matters as follows:

Updates on the Forfeiture Case (No Case: PA-64-FOP-22-04/2020) 

Reference is made to the Company’s announcement made on 22 May 2020, 26 June 2020 and 15 July 2020 in respect of the Forfeiture of the Seized Properties Case.

Following the case management held on 8 September 2020, the Court has decided to release the following properties and CDS accounts of the Company and subsidiary:

1.1     Properties   

1.2     A total of 2 securities accounts maintained in the CDS account of the Company under M&A Securities Sdn. Bhd. and Inter-Pacific Securities Sdn. Bhd.

The Court has fixed another case management on 10 November 2020 for the decision on the remaining of the properties due to request from Prosecution.

The Company will provide greater details of information on the financial and operational impact to the ATTA Group when there is further outcome from the Court.

This announcement is dated 20 October 2020.