News

(Unless otherwise stated, all abbreviations and definitions used herein shall have the same meaning as defined in the Company’s announcements dated 5 August 2022, 9 August 2022, 5 September 2022, 14 October 2022, 19 December 2022, 31 January 2023, 22 December 2023, 9 January 2024, 6 December 2024 and 20 December 2024 except where the context otherwise defined herein)

Further to the Company’s announcements made on 5 August 2022, 9 August 2022, 5 September 2022, 14 October 2022, 19 December 2022, 31 January 2023, 22 December 2023, 9 January 2024, 6 December 2024 and 20 December 2024, the Board of Directors wishes to inform that on 2 January 2025, the High Court at Kuala Lumpur had granted LFM leave to institute judicial review proceeding against the CAT Decision on Stay.

The High Court also granted an ad interim stay order in relation to the MyCC’s Decision, pending disposal of LFM’s interim stay application. LFM’s interim stay application seeks to stay all actions, proceedings and enforcement of the MyCC’s Decision pending disposal of LFM’s judicial review application (“LFM’s Interim Stay Application”). The High Court had fixed the hearing for LFM’s Interim Stay Application on 8 April 2025.

Further announcement will be made as and when there is material development on the above matter.

This announcement is dated 6 January 2025.