KUALA LUMPUR (Oct 15): TA Global Bhd’s subsidiary Menara TA Sdn Bhd has been sued by Tien Entertainment Sdn Bhd over the alleged wrongful termination of tenancy.
Tien Entertainment claims that the notice of termination dated Feb 28, 2018 served by Menara TA was unlawful, according to a filing with Bursa Malaysia.
It is also accusing Menara TA of breaching certain clauses in the tenancy agreement and amended tenancy agreement between the two parties.
The relief sought by Tien Entertainment includes the annual loss of profit of RM3.05 million for a period as determined by the High Court, payroll of RM3.92 million, and rent paid to Menara TA totalling RM1.55 million.
It is also claiming fees paid to Tien Entertainment’s contractors for work done (RM1.28 million), other expenses (RM394,246), refund of all deposits (RM329,970), licence fees (RM46,680) as well as exemplary and aggravated damages.
“The board is of the view that the legal claim is frivolous and vexatious and will defend the claim vigorously,” said TA Global, adding that the board will be appointing solicitors to handle the matter.
Pending the outcome of the suit, there is no financial and operational impact to the group, it said.
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