KIAN JOO CFB -The Sees fight back

RE : FEDERAL COURT OF MALAYSIA
CIVIL APPLICATIONS
BETWEEN
DATO’ SEE TEOW CHUAN AND 13 OTHERS (“APPLICANTS”)
AND
1. OOI WOON CHEE
2. NG KIM TUCK
3. CAN-ONE INTERNATIONAL SDN BHD (“CISB”)
The Board of Directors of Can-One Berhad (“Can-One” or “the Company”) wishes to announce that the
Company was informed on the evening of 14 February 2012 by its solicitors that it has received, on
behalf of CISB, unsealed copies of two (2) Notice of Motions and the Affidavits In Support affirmed by
Dato’ See Teow Chuan on 13 February 2012 from Messrs V K Lingam & Co. representing the Applicants.
In the said Notice of Motions, the Applicants have sought the following orders that:
1. the Grounds of Judgment of the Federal Court and the consequent Orders of the Federal Court
dated 5 January 2012 in Federal Court Civil Appeal No. 02()-11-2011(W) and Federal Court Civil
Appeal No. 02()-12-2011(W) (“the said Appeals”) be reviewed and set aside pursuant to Rule 137 of
the Rules of the Federal Court, 1995, and/or the inherent jurisdiction of the Federal Court;
2. the said Appeals be re-heard by the Federal Court consisting of Judges of the Federal Court other
than those who heard and decided upon the said Appeals on 5 January 2012;
3. Ooi Woon Chee and Ng Kim Tuck be restrained from distributing the said proceeds of
RM241,116,975.00 from the sale of the 146,131,500 of Kian Joo Can Factory Berhad’s (“KJCFB”)
shares to CISB (“the said proceeds”) and the said proceeds be retained in a monthly fixed deposit
account in a local bank pending the hearing and final disposal of this Application and in the event
the reliefs in paragraphs 1 and 2 above are granted by the Federal Court, until the said Appeals are
re-heard and finally disposed of by the Federal Court;
4. CISB be restrained from selling and/or in any way disposing of the whole or any part of the
146,131,500 of KJCFB shares purchased from Kian Joo Holdings Sdn Bhd (“KJHSB”) pending the
hearing and final disposal of this Application and in the event the reliefs in paragraphs 1 and 2
above are granted by the Federal Court, until the said Appeals are re-heard and finally disposed of
by the Federal Court;
5. CISB be restrained from exercising any of its rights attached to or arising from the purchase of the
146,131,500 of KJCFB shares by CISB from KJHSB pending the hearing and final disposal of this
Application and in the event the reliefs in paragraphs 1 and 2 above are granted by the Federal
Court, until the said Appeals are re-heard and finally disposed of by the Federal Court;
6. costs of this Application be costs in the cause; and
7. any other or further reliefs that the Federal Court deems fit and proper to grant in the
circumstances.
The Company will be opposing the abovementioned Applications and is in the process of taking legal
advice.
This announcement