Material Litigation

Back Jun 25, 2025

 

Type Announcement
Subject MATERIAL LITIGATION
Description CYPARK RESOURCES BERHAD ("CRB" or "the Company") - WITHDRAWAL OF ARBITRATION PROCEEDINGS AGAINST THE GOVERNMENT OF MALAYSIA, KEMENTERIAN PERUMAHAN DAN KERAJAAN TEMPATAN, JABATAN PENGURUSAN SISA PEPEJAL NEGARA AND KETUA PENGARAH, JABATAN PENGURUSAN SISA PEPEJAL NEGARA.
We refer to our announcements dated 8 June 2023 and 12 June 2023. Unless otherwise stated, the abbreviations used in this announcement shall have the same meaning as set out in the earlier announcements.

The Company wishes to announce that the Company through its solicitors has withdrawn all its claims and discontinued the arbitration proceedings (“The Withdrawal of the Arbitration Proceedings”) against the Government of Malaysia, Kementerian Perumahan dan Kerajaan Tempatan, Jabatan Pengurusan Sisa Pepejal Negara and Ketua Pengarah, Jabatan Pengurusan Sisa Pepejal Negara (collectively known as the “Government of Malaysia”) which was acknowledged by Asian International Arbitration Centre on 24 June 2025, pursuant to a full and final amicable settlement mutually agreed by both parties.

The Withdrawal of the Arbitration Proceedings is not expected to have any material effect on the earnings per share, net assets per share and gearing of CRB for the financial year ending 30 April 2026.

None of the directors or major shareholders of CRB or persons connected with them has any interest, direct or indirect, in the Withdrawal of the Arbitration Proceedings.

This announcement is dated 25 June 2025.

 

Announcement Info

Company Name CYPARK RESOURCES BERHAD
Stock Name CYPARK
Date Announced 25 Jun 2025
Category General Announcement for PLC
Reference Number GA1-25062025-00054