2023-04-04 01:37
Malpac Disputes RM78.6 Mil Damages Claims Relating to Plantation Assets
KUALA LUMPUR (April 3): Plantation company Malpac Holdings Bhd said its wholly-owned subsidiary has received claims totalling RM78.55 million in connection with a High Court order on assessment of damages against the firm. In a bourse filing, Malpac said Malpac Capital Sdn Bhd (MCSB) received an affidavit from Yong Toi Mee and Cheang Kim Leong on the matter on March 31. They are seeking a RM73.64 million refund on management fees from MCSB for the management of a palm oil mill and RM4.91 million in legal cost.
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