OTHERS WIDAD GROUP BERHAD ("WIDAD" or the "COMPANY") RE: KUALA LUMPUR HIGH COURT SUIT NO. WA-24C-149-09/2025)
| WIDAD GROUP BERHAD |
| Type | Announcement | ||||||||||||||||||
| Subject | OTHERS |
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| Description | WIDAD GROUP BERHAD ("WIDAD" or the "COMPANY")
RE: KUALA LUMPUR HIGH COURT SUIT NO. WA-24C-149-09/2025) |
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The Company wishes to announce that Widad Builders Sdn. Bhd., a wholly-owned subsidiary of the Company, (“the Respondent”) had on 17 September 2025 been served with a Sealed Originating Summons dated 10 September 2025 and Affidavit In Support dated 10 September 2025 from Messrs Kheng Hoe & Lee Yuen, the solicitor acting for Hikmat Duta Sdn. Bhd. (“the Applicant”). The case management has been fixed on 19 September 2025 at 9.00 a.m.
The Respondent is required to pay:
a) The Adjudicated Sum of RM2,794,942.78; b) Interest at the rate of 5% per annum on the adjudicated sum, calculated from each of the following claims dates until full payment of the said sum: -
c) Solicitors' costs in the sum of RM60,000.00; d) Registration fee of the Adjudication Proceedings in the sum of RM270.00; e) Appointment fee of the Adjudicator in the sum of RM432.00; and f) Adjudicator's costs and expenses deposit together with AIAC's administration costs in the sum of RM50,920.73.
The Company will response accordingly.
This announcement is dated 18 September 2025. |
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Announcement Info
| Company Name | WIDAD GROUP BERHAD |
| Stock Name | WIDAD |
| Date Announced | 18 Sep 2025 |
| Category | General Announcement for PLC |
| Reference Number | GA1-18092025-00071 |