MATERIAL LITIGATION PESTEC INTERNATIONAL BERHAD (FORMERLY KNOWN AS PESTECH INTERNATIONAL BERHAD) (the "Company" or "PESTEC") - SHAH ALAM HIGH COURT SUMMON NO: BA-22NCC-128-07/2025 LIM AH HOCK - 1st PLAINTIFF LIM PAY CHUAN - 2nd PLAINTIFF vs PESTEC INTERNATIONAL BERHAD - DEFENDANT
| PESTEC INTERNATIONAL BERHAD |
| Type | Announcement |
| Subject | MATERIAL LITIGATION |
| Description | PESTEC INTERNATIONAL BERHAD (FORMERLY KNOWN AS PESTECH INTERNATIONAL BERHAD) (the "Company" or "PESTEC") - SHAH ALAM HIGH COURT SUMMON NO: BA-22NCC-128-07/2025 LIM AH HOCK - 1st PLAINTIFF LIM PAY CHUAN - 2nd PLAINTIFF vs PESTEC INTERNATIONAL BERHAD - DEFENDANT |
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The Board of Directors of PESTEC wishes to announce that the Company had on 21 July 2025 received a Writ of Summon together with a Statement of Claim, both dated 3 July 2025 filed by Lim Ah Hock and Lim Pay Chuan (“Plaintiffs”) through their solicitors, Messrs. Kee Sern, Siu & Huey.
The Plaintiffs jointly and severally claim against the Company a total sum of RM17,518,737.70 being advances provided to the Company.
The total amount of claim by the 1st Plaintiff against the Company is RM11,287,334.27 (inclusive of outstanding principal sum of RM10,250,000.00) due as at 31.3.2025 with further interests on the outstanding principal sums from 1 April 2025 to the date of full settlement.
The total amount of claim by the 2nd Plaintiff is RM6,231,403.43 (inclusive of outstanding principal sum of RM6,000,000.00) due as at 31.03.2025 with further interest at the rate of 8.4% per annum on the outstanding principal sum from 1 April 2025 to the date of full settlement.
As at the date of this announcement, there is no material financial impact arising from the claims by the Plaintiffs against the Company.
The Company has appointed a solicitor to act on behalf of the Company to defend the above claims. The Court has fixed the matter for e-review case management on 4 August 2025.
The Company will make further announcement on the developments as and when there are material development in relation thereof.
This announcement dated 22 July 2025. |
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Announcement Info
| Company Name | PESTEC INTERNATIONAL BERHAD |
| Stock Name | PESTEC |
| Date Announced | 22 Jul 2025 |
| Category | General Announcement for PLC |
| Reference Number | GA1-22072025-00013 |