KUALA LUMPUR: 7-Eleven Malaysia Holdings Bhd
announced that it has settled a suit against Dego Malaysia Sdn Bhd and its founder Nabil Feisal Bamadhaj.
Under the amicable settlement recorded at the High Court, Dego and Nabil will pay RM2.8mil to 7-Eleven and Qinetics Solutions Sdn Bhd as full and final settlement of the claims made against them.
"The Settlement Sum will be satisfied with an initial payment of RM400,000 and the remaining by way of 24 monthly installments of RM100,000 each," it said in a filing with Bursa Malaysia today.
7-Eleven also said that the cost of investment in Dego amounting to RM7.5mil was fully impaired in the financial year ended Dec 31, 20202.
Already a subscriber? Log in.
Win a prize this Mother's Day by subscribing to our annual plan now! T&C applies.
Cancel anytime. No ads. Auto-renewal. Unlimited access to the web and app. Personalised features. Members rewards.
Follow us on our official WhatsApp channel for breaking news alerts and key updates!
