KUALA LUMPUR: Dutaland Bhd
has been awarded a sum of RM61.2mil by the Kota Kinabalu High Court as damages to its subsidiary, UNP Plywood Sdn Bhd by Sabah Forest Industries Sdn Bhd.
In a filing with Bursa Malaysia, Dutaland said UNP’s solicitors had vide their letter dated Sept 11 informed that at the hearing held, the High Court had awarded the sum as damages to UNP with interest on the said sum at 8% per annum from June 1997 to February 2008 and thereafter at the statutory interest on the said sum from Feb 28, 2008 till the date of full and final settlement.
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