June 12, 2020 / 10:24 AM / a month ago

BRIEF-Westports Holdings Says Unit Began Legal Proceedings Against Oracle Corp Malaysia & Bank Of America Malaysia

June 12 (Reuters) - Westports Holdings Bhd:

* UNIT BEGAN LEGAL PROCEEDINGS AGAINST ORACLE CORP MALAYSIA & BANK OF AMERICA MALAYSIA AT HIGH COURT ON TERMINATION OF 2 AGREEMENTS

* SEEKING COURT TO DECLARE THAT AGREEMENT TERMINATIONS WITH ORACLE HAVE NEGATED OBLIGATION TO PAY BOA

* UNIT SEEKS COMPENSATION OF 6.8 MILLION RGT & INTEREST FROM ORACLE CORP MALAYSIA Source: bit.ly/3hfEOmB Further company coverage:

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