MATERIAL LITIGATION KOTA KINABALU HIGH COURT SUIT NO.: BKI-22NCvC-21/3-2023 EUGGNE KOUSAI v. 1. SRI KEHUMA SDN. BHD. 2. YAPIDMAS PLANTATION SDN. BHD.
| FGV HOLDINGS BERHAD |
| Type | Announcement |
| Subject | MATERIAL LITIGATION |
| Description | KOTA KINABALU HIGH COURT SUIT NO.: BKI-22NCvC-21/3-2023 EUGGNE KOUSAI v. 1. SRI KEHUMA SDN. BHD. 2. YAPIDMAS PLANTATION SDN. BHD. |
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FGV Holdings Berhad (“FGV”) wishes to announce that its subsidiaries, Sri Kehuma Sdn. Bhd. and Yapidmas Plantation Sdn. Bhd. (“the Defendants”) had on 10 April 2023 been served with a sealed Writ of Summons dated 13 March 2023 (“the Writ”) by Euggne Kousai (“the Plaintiff”).
The Plaintiff among others claiming for damages amounting to RM24,924,000.00 due to the Defendants alleged fraudulent transaction and continuing trespass in relation to the lease agreements of forty-one (41) parcels of lands held under Native Tittle where the Plaintiff claims to be the registered owner.
The Court has fixed for the first Case Management on 13 April 2023 at Kota Kinabalu High Court.
FGV and the Defendants are seeking legal advice to act against the Writ.
Further announcement on the development of the above matter will be made in due course.
This announcement is dated 12 April 2023. |
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Announcement Info
| Company Name | FGV HOLDINGS BERHAD |
| Stock Name | FGV |
| Date Announced | 12 Apr 2023 |
| Category | General Announcement for PLC |
| Reference Number | GA1-11042023-00039 |