11th Dec 2015 08:56
LONDON (Alliance News) - Galasys PLC Friday said the ongoing court hearing in Malaysia has been adjourned until early next year.
In early November, the company said it had received a court order in Malaysia contending two former directors should remain with the company. Hee Chee Keong and Chin Chee Seong have entered the order with the High Court in Kuala Lumpur, the company said at that time. Keong stepped down as chief financial officer in October, while Seong was a non-executive director.
The hearing was delayed for a week toward the end of last month, and on Friday Galasys said the hearing has now been adjourned until January next year.
Galasys shares were down 6.3% to 18.50 pence per share on Friday morning.
By Joshua Warner; [email protected]; @JoshAlliance
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