Parties File Appeal to Malaysian Court After Losing Claim Against Serial Systems Subsidiary

MT Newswires
23 Sep 2024

Musang Durians Frozen Food and John Lee Siew Neng filed an appeal to the Court of Appeal of Malaya after losing out on a case against Serial Systems' (SGX:S69) subsidiary, Bast Investment, according to a filing with the Singapore Exchange on Friday.

Earlier, the High Court of Malaya had ruled in favor of Bast, awarding the company 15.5 million ringgit and 7.7 million ringgit with shared liability for Musang Durians and Lee, respectively, with an interest of 5% per annum.

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