“The outstanding amount, which was fully impaired in 2018, will be recognised as other income in second and third-quarter 2021, and will contribute directly to the company’s quarterly profit respectively, ” Sedania Innovator said.
KUALA LUMPUR: A unit of Sedania Innovator Bhd
has received a long overdue payment amounting to RM1.5mil from a party as full and final settlement.
In a statement, the company said Sedania Technologies Sdn Bhd had filed a civil litigation suit against a party for non-payment of long outstanding debt in November 2019.
In August 2020, the company won and received judgment in its favour.
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