Brief: Ovanti Says OVT Wins Malaysian High Court Judgment
23/09/2026 02:27
BRIEF-Ovanti Says OVT Wins Malaysian High Court Judgment Sept 23 (Reuters) - Ovanti Ltd OVT.AX:
OVT WINS MALAYSIAN HIGH COURT JUDGMENT
DECISION REPRESENTS INITIAL JUDGMENT IN CO'S LEGAL PROCEEDINGS ON HISTORICAL TRANSACTIONS INVOLVING ISENTRIC AND FORMER MANAGEMENT
UNIT ISENTRIC AWARDED 5.2 MILLION RGT AS OVANTI PROGRESSES FURTHER RECOVERY ACTION
COURT FOUND FORMER CFO OF OVT'S MALAYSIAN WHOLLY OWNED OPERATIONS AT TIME IOUPAY, LIABLE FOR BREACH OF EXEC OFFICER DUTIES, OTHERS
INTENDS TO COMMENCE SEPARATE PROCEEDINGS IN AUSTRALIA AGAINST FORMER DIRECTORS, OTHERS
FURTHER SUBSTANTIAL JUDGEMENTS ARE ANTICIPATED UP TO ABOUT A$20 MILLION ESTIMATED QUANTUM FOR ALL OTHER OUTSTANDING CLAIMS
Further company coverage: OVT.AX
((Reuters.Briefs@thomsonreuters.com;))
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