OLYMPIA

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MATERIAL LITIGATION Update on Material Litigation - Badan Pengurusan Bersama Avenue K dan K Residence ("Plaintiff") v KL Landmark Sdn Bhd and others (collectively "Defendants") (KL High Court Suit No.: WA-22NCVC-310-05/2019) ("Suit 310") - KL Landmark Sdn Bhd and others (collectively "Plaintiffs") v Badan Pengurusan Bersama Avenue K dan K Residence & others (collectively "Defendants") (KL High Court Suit No: WA-22NCVC-724-11/2020) ("Suit 724") (collectively "Consolidated Suits")

OLYMPIA INDUSTRIES BERHAD

Type Announcement
Subject MATERIAL LITIGATION
Description
Update on Material Litigation
 - Badan Pengurusan Bersama Avenue K dan K Residence ("Plaintiff") v KL Landmark Sdn Bhd and others (collectively "Defendants") 
    (KL High Court Suit No.: WA-22NCVC-310-05/2019) ("Suit 310")
- KL Landmark Sdn Bhd and others (collectively "Plaintiffs") v Badan Pengurusan Bersama Avenue K dan K Residence & others (collectively "Defendants") 
    (KL High Court Suit No: WA-22NCVC-724-11/2020) ("Suit 724")

(collectively "Consolidated Suits")

Reference is made to the announcement released on 24 November 2025 pertaining to the subject matter.

 

We have been informed by our solicitors that on 3 December 2025, the High Court has:

  1. allowed the Plaintiff’s claim in Suit 310 against KL Landmark Sdn Bhd, 4th and 5th Defendants with costs of RM200,000.00. In finding liability against KL Landmark Sdn Bhd, 4th and 5th Defendants, the learned High Court Judge also pronounced declaratory relief granted to the Plaintiff;
  2. dismissed the Plaintiff’s claim in Suit 310 against the 8th Defendant with cost of RM50,000.00;
  3. dismissed the 5th Defendant’s counterclaim in Suit 310 for charges or services before the formation of the Plaintiff but allowed the claim for charges and services after the formation of the Plaintiff; and
  4. dismissed Suit 724 with no order as to cost.

We were further informed by our solicitors that at this juncture, our solicitors are seeking to clarify the orders made by the learned High Court Judge by referring to the grounds of judgment which will be made available to the parties in due course.

 

This announcement is dated 4 December 2025.






Announcement Info

Company Name OLYMPIA INDUSTRIES BERHAD
Stock Name OLYMPIA
Date Announced 04 Dec 2025
Category General Announcement for PLC
Reference Number GA1-04122025-00025