ASDION

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MATERIAL LITIGATION ASDION BERHAD ("THE COMPANY" OR "ASDION") - UPDATE ON MATERIAL LITIGATION

ASDION BERHAD

Type Announcement
Subject MATERIAL LITIGATION
Description
ASDION BERHAD ("THE COMPANY" OR "ASDION") - UPDATE ON MATERIAL LITIGATION

Description:

- KUALA LUMPUR HIGH COURT COMPANIES WINDING-UP PETITION NO. WA-28NCC-425-04/2025 
PETITIONER: MARTIN RODNEY LEONARD 
RESPONDENT: ASDION PROPERTY MANAGEMENT SDN BHD
- KUALA LUMPUR HIGH COURT APPEAL NO. WA-11ANCvC-2-01/2024 
APPELLANT: ASDION PROPERTY MANAGEMENT SDN BHD
RESPONDENT: MARTIN RODNEY LEONARD
- KUALA LUMPUR HIGH COURT POST WINDING-UP CASE NO. WA-28PW-605-10/2025 
PETITIONER: MARTIN RODNEY LEONARD 
RESPONDENT: ASDION PROPERTY MANAGEMENT SDN BHD
APPLICANT: ASDION BERHAD

- KUALA LUMPUR HIGH COURT POST WINDING-UP CASE NO. WA-28PW-771-12/2025 
PETITIONER: MARTIN RODNEY LEONARD 
RESPONDENT: ASDION PROPERTY MANAGEMENT SDN BHD
APPLICANT: ASDION BERHAD

 

 

Further to the Company’s announcements dated 13 May 2025, 15 May 2025, 10 July 2025, 23 September 2025, 24 September 2025, 8 October 2025,10 October 2025, 23 October 2025, 13 November 2025, 15 December 2025, 17 December 2025, 31 December 2025, 7 January 2026, 9 January 2026, 13 January 2026, 21 January 2026, 22 January 2026, 28 January 2026 and 4 February 2026, the Board of Directors of Asdion (“Asdion” or “the Company”) wishes to announce the following updates on the case:-

 

  1. Asdion has today informed the High Court of its intention to proceed with convening a creditors’ meeting, to be held by Jabatan Insolvensi Malaysia, for the appointment of solicitors and the determination of legal fees for the purpose of pursuing the appeal in the High Court.
  2. The High Court has fixed the next Case Management on 5 March 2026 (WA-28PW-771-12/2025) to update the High Court on the status of convening the creditors’ meeting for the appointment of solicitors.

 

Further announcement on the development of the above legal suit will be made to Bursa Malaysia Securities Berhad in due course.

 

This announcement is dated 5 February 2026.






Announcement Info

Company Name ASDION BERHAD
Stock Name ASDION
Date Announced 05 Feb 2026
Category General Announcement for PLC
Reference Number GA1-04022026-00034