MATERIAL LITIGATION CLAIM BY LEMBAGA KEMAJUAN JOHOR TENGGARA ("KEJORA") AGAINST KUB MALAYSIA BERHAD ("THE COMPANY"), KUB REALTY SDN BHD AND KUB AGRO HOLDINGS SDN BHD, BOTH INDIRECT WHOLLY-OWNED SUBSIDIARIES OF THE COMPANY. DISPOSAL BY KUB AGRO HOLDINGS SDN BHD, AN INDIRECT WHOLLY-OWNED SUBSIDIARY OF THE COMPANY, OF TWO OIL PALM ESTATES IN KLUANG, JOHOR TO BERADIN PLANTATION SDN BHD ("DISPOSAL")
| KUB MALAYSIA BERHAD |
| Type | Announcement |
| Subject | MATERIAL LITIGATION |
| Description | CLAIM BY LEMBAGA KEMAJUAN JOHOR TENGGARA ("KEJORA") AGAINST KUB MALAYSIA BERHAD ("THE COMPANY"), KUB REALTY SDN BHD AND KUB AGRO HOLDINGS SDN BHD, BOTH INDIRECT WHOLLY-OWNED SUBSIDIARIES OF THE COMPANY.
DISPOSAL BY KUB AGRO HOLDINGS SDN BHD, AN INDIRECT WHOLLY-OWNED SUBSIDIARY OF THE COMPANY, OF TWO OIL PALM ESTATES IN KLUANG, JOHOR TO BERADIN PLANTATION SDN BHD ("DISPOSAL") |
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(Unless otherwise stated, all references, abbreviations and definitions used in this announcement shall have the same meaning as those defined in the announcement dated 3 March 2023, 30 March 2023, 18 May 2023, 22 May 2023, 1 June 2023, 21 June 2023, 21 July 2023, 2 August 2023, 16 August 2023, 4 September 2023, 18 October 2023, 10 November 2023, 10 January 2024, 29 January 2024, 12 March 2024, 11 June 2024, 10 July 2024, 8 October 2024, 27 November 2024, 26 February 2025, 6 March 2025, 20 May 2025 and 21 August 2025).
Reference is made to the above matter and our announcement on 21 August 2025.
The Board of the Company wishes to announce that the Court has dismissed the Striking Out Application on 17 October 2025 and fixed the next case management date on 14 January 2026 for pre-trial directions for the suit.
Notwithstanding the above, the Company will review the grounds of judgment for the Striking Out Application decision with the intent of appealing the said decision where grounds of appeal are available to the Company.
Further announcement(s) on any material development of the case will be made from time to time.
This announcement is dated 21 October 2025. |
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Announcement Info
| Company Name | KUB MALAYSIA BERHAD |
| Stock Name | KUB |
| Date Announced | 21 Oct 2025 |
| Category | General Announcement for PLC |
| Reference Number | GA1-21102025-00021 |