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MATERIAL LITIGATION Farlim Group (Malaysia) Bhd. ("Farlim" or "the Company") LJ Harta Sdn. Bhd. [Registration No. 199401033492 (319175-X)] ("Defendant"), a Wholly-Owned Subsidiary of Farlim City One Management Corporation ("Plaintiff")

FARLIM GROUP (MALAYSIA) BHD

Type Announcement
Subject MATERIAL LITIGATION
Description
Farlim Group (Malaysia) Bhd. ("Farlim" or "the Company")
LJ Harta Sdn. Bhd. [Registration No. 199401033492 (319175-X)] ("Defendant"), a Wholly-Owned Subsidiary of Farlim 
City One Management Corporation ("Plaintiff")

Reference is made to Farlim’s announcement dated 10 May 2021. Unless otherwise stated, the definitions and terms used herein shall have the same meaning as defined in the said announcement.

The Board of Directors of Farlim wishes to announce that the above matter was fixed for decision on 4 June 2024. The Shah Alam High Court ruled that the Plaintiff is allowed to claim a sum of RM3,940,199.08 for maintenance charges from the Defendant together with an additional interest and cost of RM25,000.00. However, the Plaintiff's claim towards the electricity charges was dismissed.

Farlim has filed an appeal along with the stay application with the Court of Appeal against Shah Alam High Court’s judgment that were unfavourable to the Defendant. Pending the appeal process running its course, a provision on the estimated compensation sum would be made to the financial results of the Company.

Further announcement(s) will be made as and when there is any material development on this matter.

This announcement is dated 25 June 2024.






Announcement Info

Company Name FARLIM GROUP (MALAYSIA) BHD
Stock Name FARLIM
Date Announced 25 Jun 2024
Category General Announcement for PLC
Reference Number GA1-25062024-00029



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