CTOS seeks stay of execution of High Court judgement on inaccurate credit rating


PETALING JAYA: CTOS Digital Bhd’s wholly-owned unit, CTOS Data Systems Sdn Bhd (CDS) has applied for a stay of execution of a High Court judgement, after CDS was ordered to pay damages to its client over inaccurate negative credit rating.

In a filing with Bursa Malaysia, CTOS said CDS had appealed the decision of the High Court to the Court of Appeal on Feb 8, 2024 and had further filed an application to stay the execution of the judgement of the High Court.

Follow us on our official WhatsApp channel for breaking news alerts and key updates!
CTOS , CTOS Data Systems , credit rating

Next In Business News

Light at the end of the tunnel
Understanding the warrant of distress
Are convention halls still good investments?
Ringgit likely to trade cautiously between RM4.09 and RM4.11 vs US dollar next week
Strong momentum seen for Vietnam equities
Asset managers in risk-on mode
Rising DRAM prices may hit consumers
Asia-Pacific ratings hold firm
HK’s lure for key IPO investors
Fewer stocks spur IPO hunt

Others Also Read