Capital World Limited Issues Interim Material Update on Legal Claims and Corporate Status

Date: 30 April 2026

Key Points from the Report

• Ongoing Legal Proceedings: Capital World Limited (“the Company”) is currently defending against 20 separate lawsuits filed by Pey Boon Siong and 19 other purchasers. The total claimed amount is approximately RM8.9 million. The claims pertain to:
  • Liquidated damages for delayed delivery of vacant possession of retail units at Capital City Mall
  • Outstanding rental arrears
  • Alleged depreciation in property value
• Trial Updates: All 20 suits have been transferred from the High Court of Malaya to the Sessions Court of Johor Bahru. The trial is ongoing, with the Company’s legal counsel currently cross-examining the plaintiffs’ witnesses. The next trial date has been set for 30 April 2026.
• Status of Other Legal Cases: There are no material updates on other legal actions involving Anna Ling and 124 other purchasers, Chong Kim Chuan, Teh Swee Neo, Lee Yong Hen and 97 other purchasers, Saravaneshwari A/P Subramaniam, and Nandagopalan A/L S.M. Samy.
• Corporate Developments: No new updates were provided on:
  • Sales of development rights and beneficial ownership of the five towers of Capital City Project
  • Progress on the completion of the Sales and Purchase Agreement with MK Mustafa
  • Assistance in investigations by the Malaysian Anti-Corruption Commission (MACC)

Important Information for Shareholders

• Potential Price-Sensitive Issues:
  • The aggregate legal claims of RM8.9 million, if awarded against Capital World Limited, may have a significant impact on the Company’s financial position and could affect share value.
  • The ongoing trial and the lack of resolution in other major legal cases add to the prevailing uncertainty and risk profile for the Company.
  • There have been no further developments on key corporate actions such as asset sales, SPA completion, or regulatory investigations, meaning that investors should closely monitor future announcements for any material changes.
• Shareholder Advisory: The Company has explicitly advised shareholders to refrain from taking any action in respect of their securities that may be prejudicial to their interests until further information is disclosed. Shareholders are encouraged to consult with their stockbrokers, bank managers, solicitors, or other professional advisors if they are uncertain about their position.

Summary and Outlook

The current legal proceedings and unresolved corporate matters present a period of heightened uncertainty for Capital World Limited. The outcome of the RM8.9 million legal claims, in particular, could serve as a material catalyst for the Company’s share price, either positive or negative, depending on the court’s final judgment. Investors are urged to remain vigilant for further company announcements, especially as the next court date approaches.

Contact and Compliance

This announcement has been reviewed by the Company’s sponsor, RHT Capital Pte. Ltd., but not by the Singapore Exchange Securities Trading Limited, which assumes no responsibility for its contents. For further clarification, investors may contact Mr. Josh Tan at RHT Capital Pte. Ltd., 36 Robinson Road, #10-06 City House, Singapore 068877, or via email at [email protected].

Disclaimer: This article is provided for informational purposes only and does not constitute investment advice. Investors should conduct their own due diligence and consult with professional advisors before making any investment decisions. The Company’s situation may change rapidly, and the outcome of ongoing legal proceedings could materially affect its financial position and share price.

View Capital World Historical chart here