High Court judge Roz Mawar Rozain ruled there were no grounds to grant leave for the proceedings as there was no temporary injunction granted after Hydroshoppe Sdn Bhd and its subsidiary Menara KL Sdn Bhd lost in their application, a decision that was upheld by the Court of Appeal.
The ad interim injunction was filed by Hydroshoppe Sdn Bhd and its subsidiary Menara Kuala Lumpur Sdn Bhd, but this was dismissed by the High Court on April 8.
Kerjaya Prospek declared a first interim dividend of three sen per share, amounting to RM37.
Kerjaya Prospek said the acquisition will be executed by its subsidiary, Kerjaya Prospek Ventures Sdn Bhd (KPV), which has entered into a subscription and shareholders’ agreement (SSA) with three Singapore-listed Aspen (Group) Holdings Ltd’s subsidiaries, namely AVL, Aspen Vision Development Sdn Bhd (AVD) and Aspen Vision All Sdn Bhd (AVA).
The adjudicator ordered Yong Tai’s wholly owned subsidiary Apple 99 Development Sdn Bhd pay the sum together with interest to Kerjaya Prospek’s wholly owned unit Kerjaya Prospek (M) Sdn Bhd (KPM), Kerjaya Prospek said in a bourse filing on Tuesday.
The dispute revolves around an alleged outstanding contract sum of RM105.
The contract involves the construction of a 47-storey tower comprising 732 serviced apartment units.
Menara Kuala Lumpur Sdn Bhd is now planning to take legal action (committal proceedings) against the Ministry of Communications and the Federal Lands Commissioner, accusing them of a forcible takeover of the tower when it temporarily closed the KL Tower early on Thursday morning.
The contract involves the construction of residential units across two phases.
They stressed that the High Court's dismissal on Tuesday is not final, as the matter is still pending the hearing of an interim injunction scheduled for June 9.
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