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Mah Sing's Unit Loses Suit, Ordered to Pay MYR1.7 Million

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Mah Sing's (KLSE:MAHSING) subsidiary, Elite Park Development, had a claim brought to Kuala Lumpur High Court against Zulhkiple Abu Bakar and two others dismissed, according to a Tuesday filing with Bursa Malaysia.

The court allowed the first defendant's counterclaim of 114,088 million ringgit and ordered the property developer's subsidiary to pay total costs of 1.7 million ringgit to all the defendants.

Meanwhile, Elite Park will continue to obtain legal guidance on the matter and will take appropriate next steps.

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