KUALA LUMPUR: Main Market-listed Yong Tai Bhd announced that the High Court of Malaya at Shah Alam (construction division) has ruled in favour of its wholly-owned subsidiary, Apple 99 Development Sdn Bhd, in the adjudication dispute with Kerjaya Prospek (M) Sdn Bhd, a wholly-owned subsidiary of Kerjaya Prospek Group Bhd.
The High Court has set aside the adjudication decision dated May 9, 2025, under the Construction Industry Payment & Adjudication Act 2012 (CIPAA Act), which previously determined that Apple 99 was to pay RM75.46 million to Kerjaya Prospek.
The court also dismissed Kerjaya Prospek’s application to enforce the adjudication decision, ordering Kerjaya Prospek to pay the total legal costs of RM20,000 to Apple 99, subject to allocator.
The ruling means Apple 99 is no longer legally required to make any payment under the now-invalidated adjudication decision, unless Kerjaya Prospek successfully appeals in future.
