PETALING JAYA: Classita Holdings Bhd
, formerly Caely Holdings Bhd, announced that the company and plaintiffs Datuk Sri Tee Yam @ Koo Tee Yam and Madam Wong Siaw Puie have amicably settled their lawsuit without admission of liability and a consent judgment has been recorded.
The plaintiffs in November 2022 had filed a suit claiming they had advanced RM3.96mil to Classita for day-to-day operation and/or management costs which Classita’s board has since acknowledged were received from the plaintiffs. As such, Classita negotiated a settlement with the plaintiffs at the mutually agreed sum of RM3.3mil.
Subscribe to The Star Yearly Premium Plan for 30% off
Cancel anytime. Ad-free. Full access to Web and App.
Monthly Plan
RM 13.90/month
RM 9.73/month
Billed as RM 9.73 for the 1st month, RM 13.90 thereafter.
Annual Plan
RM 12.39/month
RM 8.63/month
Billed as RM 103.60 for the 1st year, RM 148 thereafter.
