MATERIAL LITIGATION HSS ENGINEERS BERHAD ("HEB" OR "THE COMPANY") MATERIAL LITIGATION PURSUANT TO PARAGRAPH 9.04(F) OF BURSA MALAYSIA SECURITIES BERHAD MAIN MARKET LISTING REQUIREMENTS
| HSS ENGINEERS BERHAD |
| Type | Announcement |
| Subject | MATERIAL LITIGATION |
| Description | HSS ENGINEERS BERHAD ("HEB" OR "THE COMPANY")
MATERIAL LITIGATION PURSUANT TO PARAGRAPH 9.04(F) OF BURSA MALAYSIA SECURITIES BERHAD MAIN MARKET LISTING REQUIREMENTS |
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1. INTRODUCTION
The Board of Directors of HEB wishes to announce that on 5th January 2026, its associate company, HSS Integrated Sdn Bhd [Registration No. 198801005905 (173262-T)] (“HSS Integrated”), was served with an Amended Writ of Summons and Amended Statement of Claim re-dated 2nd January 2026 in respect of a civil suit filed at the High Court of Malaya at Kuala Lumpur (Kuala Lumpur High Court Civil Suit No. WA-22NCC-872-12/2025) (the “Suit”).
2. DETAILS OF THE SUIT
The Plaintiffs in the Suit are: (i) Credit Guarantee Corporation Malaysia Berhad (collectively, the “Plaintiffs”).
The Plaintiffs are registered holders, custodians, trustees, beneficial owners, fund managers or representatives in relation to the Sukuk Murabahah issued by MEX II Sdn Bhd (In Receivership) to finance the construction of the Lebuhraya Putrajaya–KLIA (MEX II) highway project (the "Project").
HSS Integrated is named as the 11th Defendant among twelve (12) defendants, namely: 1. MEX II Sdn Bhd (In Receivership) 2. Maju Lingkaran Development Sdn Bhd 3. Maju Holdings Sdn Bhd 4. Tan Sri Abu Sahid Bin Mohamed 5. Datuk Yap Wee Leong 6. Puan Sri Noor Azrina Binti Mohd Azmi 7. Mohd Faiq Bin Abu Sahid 8. CIMB Investment Bank Berhad 9. TMF Trustees Malaysia Berhad 10. Crowe Malaysia PLT 11. HSS Integrated Sdn Bhd 12. Straits Consulting Engineers Sdn Bhd (collectively referred to as the "Defendants").
The Plaintiffs allege losses arising from the default by MEX II Sdn Bhd on principal repayments and periodic profit payments under the Sukuk Murabahah. Specifically against HSS Integrated, the Plaintiffs allege breaches of duty of care in its capacity as the consulting engineer for the Project by the certification of certain interim progress payment certificates during construction. The Plaintiffs are seeking, amongst others, declarations of liability against the Defendants, judgment for the dissolution amount of the Sukuk together with damages, interest, costs and such other reliefs as the Court deems fit.
3. FINANCIAL AND OPERATIONAL IMPACT
The Company believes that HSS Integrated has, at all material times, discharged its duties and obligations in respect of the Project professionally and in accordance with applicable legal and contractual standards. As such, the Suit is not expected to have any material financial or operational impact on the Company or its Group. HSS Integrated intends to defend the Suit and has appointed solicitors to represent it in the Suit. A case management has been fixed on 9th January 2026. Further announcements will be made on any material developments in relation to this Suit.
This announcement is dated 6th January 2026. |
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Announcement Info
| Company Name | HSS ENGINEERS BERHAD |
| Stock Name | HSSEB |
| Date Announced | 06 Jan 2026 |
| Category | General Announcement for PLC |
| Reference Number | GA1-06012026-00008 |