MATERIAL LITIGATION ICAPITAL.BIZ BERHAD ("ICAP" OR "THE FUND") CIVIL APPEAL NO. W-02(NCC)(A)-654-04/2024 AND CIVIL APPEAL NO. W-02(IM)(NCC)-655-04/2024 (KUALA LUMPUR HIGH COURT ORIGINATING SUMMONS NO. WA-24NCC-581-10/2023)

ICAPITAL.BIZ BERHAD

Type Announcement
Subject MATERIAL LITIGATION
Description
ICAPITAL.BIZ BERHAD ("ICAP" OR "THE FUND")
CIVIL APPEAL NO. W-02(NCC)(A)-654-04/2024 AND CIVIL APPEAL NO. W-02(IM)(NCC)-655-04/2024  (KUALA LUMPUR HIGH COURT ORIGINATING SUMMONS NO. WA-24NCC-581-10/2023)

Further to the announcement dated 3 November 2023, 16 November 2023, 17 January 2024, 4 March 2024, 25 March 2024 and 26 April 2024, 21 November 2024 (“Announcements”) and subsequent updates disclosed in the quarterly reports released on 17 July 2024 and 15 October 2024 (“Disclosures”), unless otherwise defined, the definitions and terms used as set out in the Announcements and Disclosures shall apply herein.

 

The Board of Directors of the Fund wishes to announce that further to the hearing of the Civil Appeal No. W-02(NCC)(A)-654-04/2024 and Civil Appeal No. W-02(IM)(NCC)-655-04/2024 before the Court of Appeal on 11 November 2025, the Court has reserved its decision and will deliver it at a later date.

 

A case management has been fixed on 12 November 2025 for the Court to schedule the date for the delivery of the decision for both Appeals.

 

The Fund will make further announcement on the developments of the above matter as and when is necessary.

 

This announcement is dated 11 November 2025.






Announcement Info

Company Name ICAPITAL.BIZ BERHAD
Stock Name ICAP
Date Announced 11 Nov 2025
Category General Announcement for PLC
Reference Number GA1-11112025-00063