Investor Relations

We refer to our announcement dated 6 August 2014 in respect of Sibu High Court (Civil Suit No. 21-7-2009) pertaining to Kadam a/k Embuyang & 4 others, Pelita Holdings Sdn Bhd (“1st Defendant”), Superintendent of Lands & Surveys (“2nd Defendant”), State Government of Sarawak (“3rd Defendant”), BPB (“4th Defendant”) and BPK (“5th Defendant”). 

On 30 April 2012, the Sibu High Court delivered its decision on the litigation, judging in favour of the Plaintiffs’ claim and found the Principal Deed dated 14 January 2002 executed between the 1st Defendant, 3rd Defendant and the Plaintiffs in relation to the development of NCR Lands as null and void. In the same judgement, the Sibu High Court had dismissed BPB’s and BPK’s counter claim against the Plaintiffs with costs. BPB and BPK filed an appeal on 3 May 2012.

On 6 August 2014, the Court of Appeal has allowed the appeal by the Defendants/Appellants against the Plaintiffs/Respondents and accordingly reversed the decision of the Sibu High Court on 30 April 2012.   

We wish to announce that, on 10 September 2015, the Federal Court heard the Plaintiffs/Respondents’ Notice of Motion for leave to appeal against the Court of Appeal’s decision on 6 August 2014. 

After hearing extensive arguments from respective parties, the Federal Court delivered a unanimous decision to dismiss the Plaintiffs/Respondents' Motion with no order as to costs.

This announcement is dated 10 September 2015.