Hoe Leong Corporation Ltd. Issues Update on Ongoing Material Litigation

Hoe Leong Corporation Ltd. has released a significant update regarding its ongoing material litigation, which may have considerable implications for shareholders and potential investors. The latest announcement, dated 7 November 2025, comes directly from the Board of Directors and provides crucial information on the status and potential impact of the litigation.

Key Points from the Report

• The litigation in question is referenced in Note 24A of the audited financial statements for the financial year ended 31 December 2024, and has been consistently updated via official company announcements over the years.
• The case, titled Auspicious Journey Sdn Bhd v Ebony Ritz Sdn Bhd & 5 Others, is being heard in the Kuala Lumpur High Court. This matter has been ongoing for more than a decade, with various updates provided since 2013.
• Most recently, after a clarification hearing on 6 November 2025, the Court has scheduled the decision for 11 December 2025. This upcoming decision represents a major milestone in the litigation process.
• The company has committed to providing further updates should there be any material developments relating to the litigation.

Potential Impact for Shareholders

• The outcome of the litigation could have material consequences for Hoe Leong Corporation Ltd. Although specific financial or operational impacts are not disclosed in the current update, the ongoing nature and prominence of the case suggest that its resolution may influence the company’s financial position and share value.
• The company has strongly advised shareholders and potential investors to exercise caution when dealing in its securities. They are urged not to take any action regarding their holdings that could be prejudicial to their interests, pending further information.
• This cautionary stance indicates the possibility of price-sensitive developments once the court decision is announced, which could lead to volatility in the company’s share price.
• Investors are reminded to read the latest announcement, the FY2024 Annual Report, and any subsequent disclosures closely. If in doubt, they should consult with professional advisors, such as stockbrokers, bank managers, or solicitors, before making investment decisions.

What to Watch For

• The scheduled court decision on 11 December 2025 is a key date for investors, as it may result in material changes to the company’s legal, financial, or strategic outlook.
• Any future announcements from Hoe Leong Corporation Ltd. should be monitored closely for further information on the litigation’s outcome and its potential impact on the company.
• The company’s repeated emphasis on investor caution and professional advice underscores the sensitivity and significance of the situation.

Conclusion

The ongoing litigation involving Hoe Leong Corporation Ltd. is a material matter that could affect shareholder value. Investors should stay informed and be prepared for potential market movements following the court’s decision in December 2025. The company’s commitment to transparency and regular updates will be essential in helping shareholders navigate this period of uncertainty.

Disclaimer: This article is for informational purposes only and does not constitute investment advice. Hoe Leong Corporation Ltd. has cautioned investors against making any decisions regarding their securities until further information is available. Investors are advised to consult with professional advisors before taking any action. The outcome of the litigation may have significant and unforeseen effects on the company’s financial position and share value.

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