FGV

1.290

(%)

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.

Further to our announcements dated 18 April 2023 and 12 April 2023, the Company wishes to update that the Kota Kinabalu High Court has, following the application of the Defendants pursuant to Order 18, Rule 19(1)(b) & (c) and Order 92, Rule 4 of the Rules of Court 2012, delivered its judgement on 17 May 2024 via e-review as follows: -

 

  1. the Kota Kinabalu High Court allowed the Defendants’ application to strike out the Plaintiff’s claim with costs of RM2,000.00; and
  2. the Kota Kinabalu High Court held that there was no illegality in relation to the lease agreements, that the Plaintiff’s claim is barred by res judicata and/or cause of action estoppel and or issue estoppel, and that the Plaintiff’s claim is time-barred.

 

The decision is not expected to have any material operational and financial impact on the Company.

 

Further announcement will be made from time to time in respect of any material development on this matter. 

 

This announcement is dated 20 May 2024.






Announcement Info

Company Name FGV HOLDINGS BERHAD
Stock Name FGV
Date Announced 20 May 2024
Category General Announcement for PLC
Reference Number GA1-20052024-00015