Bursa Announcements

Date : 18 May 2026

MATERIAL LITIGATION ECONPILE HOLDINGS BERHAD ("ECONPILE" OR THE "COMPANY") - MATERIAL LITIGATION KUALA LUMPUR HIGH COURT SUIT NO. WA-22NCC-39-02/2023 BETWEEN ECONPILE (M) SDN. BHD. ("EMSB"), A WHOLLY-OWNED SUBSIDIARY OF THE COMPANY, AND IRDK VENTURES SDN. BHD. (IN LIQUIDATION) ("IRDK"), TAN SRI DATO' SRI DR. RAMASAMY A/L MUTHUSAMY AND PUAN SRI DATIN SRI DR. INDRA GHANDI A/P ELAYAPPAN

ECONPILE HOLDINGS BERHAD

Type Announcement
Subject MATERIAL LITIGATION
Description 
ECONPILE HOLDINGS BERHAD ("ECONPILE" OR THE "COMPANY") - MATERIAL LITIGATION 

KUALA LUMPUR HIGH COURT SUIT NO. WA-22NCC-39-02/2023 BETWEEN ECONPILE (M) SDN. BHD. ("EMSB"), A WHOLLY-OWNED SUBSIDIARY OF THE COMPANY, AND IRDK VENTURES SDN. BHD. (IN LIQUIDATION) ("IRDK"), TAN SRI DATO' SRI DR. RAMASAMY A/L MUTHUSAMY AND PUAN SRI DATIN SRI DR. INDRA GHANDI A/P ELAYAPPAN

Reference is made to the Company's earlier announcements dated 8 October 2015, 15 July 2016 and 15 October 2018 in relation to the arbitration proceedings between IRDK and EMSB, a wholly-owned subsidiary of the Company.

 

As previously announced, the matter arose from the contract awarded by IRDK to EMSB vide a letter of award dated 8 October 2014 for piling works for a project known as Cadangan Pembangunan Kondominium Yang Mengandungi 2 Blok Menara Kondominium 23 Tingkat, 1 Blok Podium Tempat Letak Kereta Dan 28 Unit Link Villa 4 Tingkat Di Atas Lot PT 8790, Pusat Bandar Puchong, Daerah Petaling, Selangor Darul Ehsan, for a total contract sum of RM8,730,000.00 only.

 

The arbitration proceedings which were the subject of the earlier announcements have concluded. This announcement concerns the subsequent proceedings commenced in the High Court of Malaya at Kuala Lumpur in Suit No. WA-22NCC-39-02/2023 ("the Suit"), which was filed by EMSB following EMSB's inability to recover the sums awarded in its favour against IRDK under the arbitration proceedings.

 

Details of the full announcement is attached.

 

This announcement is dated 18 May 2026.


Please refer attachment below.

Attachments

EHB_Material Litigation_18.05.2026.pdf
167.2 kB


Announcement Info

Company Name ECONPILE HOLDINGS BERHAD
Stock Name ECONBHD
Date Announced 18 May 2026
Category General Announcement for PLC
Reference Number GA1-18052026-00014


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