Decision on settlers' injunction bid deferred to April 2
BernamaPublished: Mar 22, 2012 4:58 PM | Updated: Mar 22, 2012 4:59 PM
The Kuantan High Court today deferred to April 2 to deliver its decision on an injunction application filed by eight Felda settlers to prevent Koperasi Permodalan Felda (KPF) from disposing off its equity in Felda Holdings Berhad (FHB) to Felda Global Ventures Holdings Berhad (FGVH).
Lawyer Mohd Haris Abdullah says the postponement was to allow the court to evaluate in depth the merits of the case.
The Kuantan High Court today deferred to April 2 to deliver its decision on an injunction application filed by eight Felda settlers to prevent Koperasi Permodalan Felda (KPF) from disposing off its equity in Felda Holdings Berhad (FHB) to Felda Global Ventures Holdings Berhad (FGVH).
Lawyer Mohd Haris Abdullah, who is representing the eight, said the postponement was to allow the court to evaluate in depth the merits of the case.
“On that date, we will be making oral submissions,” he told reporters after presenting submissions in chambers that lasted more than an hour.
Last month, the court had granted an interim injunction to the eight to stop the equity disposal.
If Felda (Federal Land Development Authority) fails to set aside the injunction, it is highly likely that FGVH will proceed with its listing on Bursa Malaysia, which has been postponed to June, without KPF.
- Bernama
Lawyer Mohd Haris Abdullah, who is representing the eight, said the postponement was to allow the court to evaluate in depth the merits of the case.
“On that date, we will be making oral submissions,” he told reporters after presenting submissions in chambers that lasted more than an hour.
Last month, the court had granted an interim injunction to the eight to stop the equity disposal.
If Felda (Federal Land Development Authority) fails to set aside the injunction, it is highly likely that FGVH will proceed with its listing on Bursa Malaysia, which has been postponed to June, without KPF.
- Bernama
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