Brief: Luminor Financial Updates On Action Taken Against Debtor And Legal Proceedings
01/09/2026 16:56
BRIEF-Luminor Financial Updates On Action Taken Against Debtor And Legal Proceedings Sept 1 (Reuters) - Luminor Financial Holdings Ltd LUMI.SI:
UPDATE ON ACTION TAKEN AGAINST A DEBTOR AND LEGAL PROCEEDINGS
COURT OF APPEAL HELD THAT PRE-FACTORING FACILITY IS VALID AND ENFORCEABLE BY SAPM AGAINST KLP
COURT OF APPEAL OF MALAYSIA HAS ALLOWED SAPM'S APPEAL AGAINST HIGH COURT OF MALAYA'S EARLIER DECISION
COURT ORDERED THAT KLP PAY SAPM 21.1 MILLION RGT, OTHERS
SAPM INTENDS TO PURSUE ALL AVENUES TO RECOVER AMOUNTS DUE
SAPM WILL CONTINUE TO DEFEND ITS POSITION ON A CLAIM LODGED BY KLP
CLAIM LODGED BY KLP IN RESPECT OF DAMAGES ALLEGEDLY CAUSED BY RECOVERY ACTION TAKEN BY GROUP
Further company coverage: LUMI.SI
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