Back 17 Nov 2025

Hoe Leong Corporation Litigation Update (Nov 2025): Company Wins Major Court Case, Plaintiff’s Claim Dismissed, Costs Awarded

Link: https://links.sgx.com/1.0.0/corporate-announcements/YIHS03R1LFTFFVX0/b7124b6a9486a073d953a32e128fdd56ca736a1c337c3a2b9f08df877ec64b40

Summary:

  • Kuala Lumpur High Court dismissed the claim against Hoe Leong Corporation Ltd (the 1st Defendant) and several others on 14 November 2025.

  • The Plaintiff, Tan Sri Halim Bin Saad, was ordered to pay RM200,000 in costs to the 1st, 2nd, 3rd, and 5th Defendants, and RM150,000 to the 6th Defendant.

  • The Defendants’ minor counterclaim was dismissed, with RM20,000 costs awarded to the Plaintiff.

  • Company advises shareholders and investors to review the official announcement, FY2024 Annual Report, and exercise caution in trading the company’s securities; further updates will be made if needed.

  1. https://links.sgx.com/FileOpen/HLC%20-%20Update%20on%20Material%20Litigation_TSH.ashx?App=Announcement&FileID=867287