QL

4.050

+0.08 (+2%)

MATERIAL LITIGATION 1) ARBITRATION COMMENCED BY QL OIL SDN BHD ("QLO") AGAINST HANG TING PTE LTD ("HT"), AND PT PIPIT CITRA PERKASA ("PCP") ("ARBITRATION"); AND 2) MATERIAL LITIGATION COMMENCED BY PT PIPIT MUTIARA INDAH, CHIA SEONG FATT, AND QL MUTIARA (S) PTE LTD AGAINST PCP, JULIET KRISTIANTO LIU, AND KRISTIANTO KANDI SAPUTRO ("SUIT 982")

QL RESOURCES BERHAD

Type Announcement
Subject MATERIAL LITIGATION
Description 
1) ARBITRATION COMMENCED BY QL OIL SDN BHD ("QLO") AGAINST HANG TING PTE LTD ("HT"), AND PT PIPIT CITRA PERKASA ("PCP") ("ARBITRATION"); AND
2) MATERIAL LITIGATION COMMENCED BY PT PIPIT MUTIARA INDAH, CHIA SEONG FATT, AND QL MUTIARA (S) PTE LTD AGAINST PCP, JULIET KRISTIANTO LIU, AND KRISTIANTO KANDI SAPUTRO ("SUIT 982")

We refer to the announcement dated 3 August 2023 in relation to the Arbitration. Unless otherwise defined, the definitions set out in the previous announcement shall apply herein. 

 

We also refer to the announcements dated 1 December 2021, 6 December 2021, 9 December 2021, 12 September 2023, 6 March 2026, 9 April 2026, 12 May 2026, 25 May 2026 and 29 May 2026 in respect of the Suit 982. Unless otherwise defined, the definitions set out in the previous announcements shall also apply herein. 

 

DISCONTINUANCE OF THE ARBITRATION 

 

QLR wishes to announce that pursuant to the settlement agreement, the QLO had on 10 July 2026 received a termination order issued by the tribunal at the Singapore International Arbitration Centre for the termination of the Arbitration proceedings. 

 

Following the above, Arbitration proceedings is terminated forthwith. 

 

 

This announcement is dated 10 July 2026.



Announcement Info

Company Name QL RESOURCES BERHAD
Stock Name QL
Date Announced 10 Jul 2026
Category General Announcement for PLC
Reference Number GA1-10072026-00063


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