VSTECS

6.050

+0.09 (+1.5%)

MATERIAL LITIGATION VSTECS BERHAD ("VSTECS" OR "COMPANY") - WRIT OF SUMMONS AND STATEMENT OF CLAIM FILED AGAINST LOGICALIS MALAYSIA SDN. BHD. ("FIRST DEFENDANT") AND LOGICALIS SINGAPORE PTE. LTD. ("SECOND DEFENDANT") ("LOGICALIS GROUP" OR "THE DEFENDANTS") BY VSTECS PERICOMP SDN. BHD. ("VSTECS PERICOMP" OR "PLAINTIFF"), A WHOLLY-OWNED SUBSIDIARY OF VSTECS BERHAD ("VSTECS" OR "THE COMPANY") (KUALA LUMPUR HIGH COURT SUIT NO.: WA-22NCC-898-12/2025)

VSTECS BERHAD

Type Announcement
Subject MATERIAL LITIGATION
Description 
VSTECS BERHAD ("VSTECS" OR "COMPANY") - WRIT OF SUMMONS AND STATEMENT OF CLAIM FILED AGAINST LOGICALIS MALAYSIA SDN. BHD. ("FIRST DEFENDANT") AND LOGICALIS SINGAPORE PTE. LTD. ("SECOND DEFENDANT") ("LOGICALIS GROUP" OR "THE DEFENDANTS") BY VSTECS PERICOMP SDN. BHD. ("VSTECS PERICOMP" OR "PLAINTIFF"), A WHOLLY-OWNED SUBSIDIARY OF VSTECS BERHAD ("VSTECS" OR "THE COMPANY") (KUALA LUMPUR HIGH COURT SUIT NO.: WA-22NCC-898-12/2025)

Reference is made to the Company's announcement dated 29 December 2025 ("Announcement"). Unless otherwise stated, all abbreviations and definitions used herein shall have the same meaning as those used in the Announcement.

 

The Board of Directors of VSTECS wishes to announce that its wholly-owned subsidiary, VSTECS Pericomp has received a lump sum of RM6,925,959.34 from Logicalis Malaysia Sdn. Bhd. in full and final settlement of the Suit.

 

Upon receipt of the Settlement Sum, VSTECS Pericomp has agreed to: 

 

a)    withdraw and/or discontinue the Suit; and
b)    release the Logicalis Group from any further claims whatsoever arising out of or in connection with the subject matter of this Suit.
 

Please refer to the attachment for detailed information of the Suit.
 

This announcement is dated 9 April 2026.


Please refer attachment below.

Attachments

Material Litigation - VSTECS Pericomp (09.04.2026).pdf
107.8 kB


Announcement Info

Company Name VSTECS BERHAD
Stock Name VSTECS
Date Announced 09 Apr 2026
Category General Announcement for PLC
Reference Number GA1-09042026-00021


View original announcement