PUTRAJAYA: The Court of Appeal has dismissed Mega Continental Sdn Bhd’s appeal against the Penang High Court judgment on Nov 8,2019, that an agreement to lease was a monthly tenancy as the state authority did not grant consent under Section 433B of the National Land Code 1965, according to Aeon Big.
“In this case, the termination of the agreement to lease for Aeon Big Alor Setar store is lawful according to the agreement to lease, ” Aeon Big said in a statement Saturday (Dec 12).
The statement said that in August 2020, the Alor Setar High Court set aside the judgment in default obtained by Mega Continental Sdn Bhd on June 9,2020, where the company claimed from Aeon BiG a judgment sum of RM142mil.
It said that the judgment in default obtained was based on the alleged unlawful termination of the agreement to lease for the then Aeon BiG Alor Setar store.
“We are grateful and humbled by the news, and we believe all of this will give us the strength, motivation and resilience to do even better for the coming years, ” Aeon Big (M) Sdn Bhd CEO Shafie Shamsuddin (pic) said.
“The fight is no longer about the pandemic, but within ourselves in making choices to move forward. We would like to thank all of our customers, tenants, suppliers and all of Aeon's stakeholders for continuing to be loyal and believing in us.
“The new retail trends require us to be more agile and resilience especially in balancing our head, heart and hands. We, as Aeon warriors, are committed to be on the frontline to contribute to our local communities.”
Despite the pandemic, Aeon Big opened its new store in Jaya One, Petaling Jaya, in July 2020 and the management has successfully turned around the company for the first time after the acquisition from Carrefour in 2012.
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