Friday, December 10, 2010

Ulti Resources seeks RM15.9m from Ramunia for alleged unlawful land possession

KUALA LUMPUR: Ulti Resources Sdn Bhd is seeking RM15.90 million from RAMUNIA HOLDINGS BHD [] for alleged unlawful possession of the former's land in Kota Tinggi, Johor since July 2008.

Ramunia said on Friday, Dec 10 its unit Ramunia Fabricators Sdn Bhd had received a copy of the writ of summon and order from Ulti Resources.

Ulti claimed Ramunia had unlawfully entered and took possession of the land and was liable to pay it'' RM741,400 a month from July 30, 2008 to May 14 this year totalling RM15.90 million.

Ramunia said there was no immediate financial and operational impact on Ramunia arising from the legal suit.


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