Eco World’s unit files suit seeking to recover RM524,786.59

KUALA LUMPUR: Eco World Development Group Bhd’s wholly owned subsidiary, Hasrat Budi Sdn Bhd (HBSB) has filed in the High Court of Malaya a writ of summons and statement of claim against Revolusi Asia Sdn Bhd, Entomo Malaysia Sdn Bhd and Raveenderen A/L Ramamoothie, in relation to HBSB's investment in MYSJ Sdn Bhd.

In a filing with Bursa Malaysia, the developer said the suit was filed against the defendants for amongst others breach of certain representations and warranties provided by the defendants to HBSB under the share sale agreement entered into among the parties on Aug 27, 2021.