EPF sues Gets Global unit over payment arrears

TheEdge Wed, Aug 07, 2019 09:51pm - 4 years View Original


KUALA LUMPUR (Aug 7): The Employees Provident Fund (EPF) is suing a subsidiary of Gets Global Bhd to recover RM708,938 of unpaid contributions.

In a filing with Bursa Malaysia today, Gets Global said the suit against Pengangkutan Awam Putrajaya Travel & Tours Sdn Bhd (PAPTT) was in respect of arrears for the period from February 2010 to November 2014.

On top of that, EPF is claiming  another RM928,425 being late payment charges, said Gets Global.

“Both these claims arose from arrears in payment of contributions to the EPF by PAPTT which was outstanding and unpaid at the time of takeover of an 80% stake in PAPTT by Konsortium Bas Ekspres Semenanjung (M) Sdn Bhd, a wholly-owned subsidiary of the company, on Dec 11, 2017,”  the group said.

Nonetheless, Gets Global said under the share sale agreement, Perbadanan Putrajaya (PPJ) has agreed to assume all liabilities for PAPTT’s outstanding EPF contributions.

Gets Global said since the suit relates to dividends and late payment charges due and arising from the unpaid EPF contributions outstanding at the time of takeover of PAPTT by KBESM, it will seek legal advice on the matter, that the amounts claimed are rightfully the obligations of PPJ.

Gets Global’s share price fell one sen or 5.13% to 18.5 sen today, with a market capitalisation of RM23.31 million.

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