Roz Mawar said that although Hydroshoppe and Menara KL tried to amend their lawsuit, they still failed to clearly explain their claims against the three companies.
From July 2023 to September 2024, Joanne Lee Sor Phaik served as CEO of Kerjaya Prospek Property Bhd (KL:KPPROP), where she led transformation initiatives to drive sustainable value and returns.
The group said it is acquiring three freehold land parcels in Kuchai Lama via its wholly owned unit Senandung Raya Sdn Bhd, which is under Futuprop Sdn Bhd, a subsidiary of Kerjaya Prospek.
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.
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