Darar Ehsan seeks RM55.6m in special damages from SAP Holdings


KUALA LUMPUR: Darar Ehsan Sdn Bhd is seeking RM55.66mil in special damage for purportedly loss of profits in its counterclaim against SAP Holdings Bhd, a unit of Kumpulan Hartanah Selangor Bhd (KHSB).

KHSB said on Thursday that Darar Ehsan was also seeking a refund of the RM28.32mil, which the latter had paid to SAP.

KHSB said Dara Ehsan’s solicitor had filed its statement of defence on Oct 8 and it had a made the counterclaim against SAP for the special damages for RM55.66mil purportedly for the loss of profits suffered. 

Darar Ehsan also sought claims for general damages, exemplary damages, costs and RM28.32mil previously paid by Darar Ehsan to be refunded by SAP. 

”The company will make the necessary announcement on further development on this matter in due course,” KHSB said.
Article type: metered
User Type: anonymous web
User Status:
Campaign ID: 1
Cxense type: free
User access status: 3
Join our Telegram channel to get our Evening Alerts and breaking news highlights
   

Next In Business News

Malaysia looking forward to welcoming China in CPTPP as early as next year
Indonesia’s halt to palm oil expansion set to expire soon
China defends tech crackdown in meeting with Wall Street chiefs
CPO futures likely to see technical correction next week
Evergrande says six execs redeemed investment products in advance
Infineon opens Austria plant early in chip capacity boost
Indonesia may reopen to tourists from some countries in October
Airbus reaches deal to restructure AirAsia jet order
Oil price falls as storm-hit US supply trickles back into market
World shares fall as markets await Fed meeting, taper timeline

Stories You'll Enjoy


Vouchers