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又有新通告
MATERIAL LITIGATION CAHYA MATA SARAWAK BERHAD (“CAHYA MATA” OR THE
“COMPANY”)
LEGAL ACTION PURSUANT TO FINDING AND REVIEW OF THE DIGITAL
TRANSFORMATION PROJECT IN THE COMPANY AND ITS SUBSIDIARIES
INTRODUCTION
Pursuant to paragraph 9.04(g) of the Main Market Listing Requirements of Bursa Malaysia
Securities Berhad (“Bursa Securities”), Cahya Mata wishes to announce that the Company
together with its wholly owned subsidiary company, Cahya Mata Intelligent Technologies
(“CMIT”) had on 20 March 2025 commenced legal action as joint Plaintiffs against the following
1st to 6th Defendants in the High Court of Sabah and Sarawak at Kuching.
1. Dato’ Sri Mahmud Abu Bekir Taib (“DSM”), Deputy Group Chairman
2. Karl Vink @ Khalid Abdullah (“KV”), Former Chief Information Officer and Former
Executive Director of CMIT
3. Atul Dua (“AD”)
4. Izzul Bin Abdul Kamar (“Izzul”), Former Senior General Manager of CMIT
5. Vienna Advantage GmbH (“VAG”)
6. Vienna Advantage Asia Sdn. Bhd. (“VAA”)
BACKGROUND AND BRIEF DETAILS OF THE CLAIM
This legal action is based on, among others, breach of trust, breaches of fiduciary, statutory, and
common law duties and conspiracy to injure by the Defendants towards Cahya Mata and CMIT
for the failed implementation of an enterprise resource planning (“ERP”) system in the
Company during the digital transformation project.
Cahya Mata and CMIT also contend that the Defendants were expected to protect the interest of
the Company and to not place themselves in a position of conflict.
PARTICULARS OF CLAIMS
Subject to further modifications and additions in the course of legal proceedings, The Company
and CMIT claims against the Defendants as follows:
• A declaration that the 1st Defendant had committed breach of trust and had breached his
fiduciary and/or statutory and/or common law duties owed to the Plaintiffs;
• A declaration that the 2nd Defendant had committed breach of trust and had breached his
fiduciary and/or statutory and/or common law duties owed to the Plaintiffs;
• A declaration that 4th Defendant had committed breach of trust and had breached his
fiduciary duties owed to the Plaintiffs;
1
• A declaration that 1st to 6th Defendants (or two or more of the Defendants) had combined
and/or conspired amongst each other with an intent to injure the Plaintiffs;
• General damages against 1st to 6th Defendants and each of them jointly and severally, to be
assessed by this Honourable Court;
• Exemplary damages against 1st to 6th Defendants and each of them jointly and severally,
to be assessed by this Honourable Court;
• An order that 1st to 6th Defendants and each of them jointly and severally pay the Plaintiffs
costs of the action herein and all incidental cost on a solicitor-client and/or indemnity basis
or such other basis as this Honourable Court deems fit;
• Interest at such rate for a period as this Honourable Court deems fit in respect of any sums
awarded by the Plaintiffs;
• Such and/or any other relief as this Honourable Court deems fit and proper.
No hearing date has been fixed yet by the Court.
FINANCIAL AND OPERATIONAL IMPACT ON CAHYA MATA
The legal action is not expected to have any material effect on the earnings per share and net
asset per share of Cahya Mata for the financial year ending 31 December 2025.
The legal action is also not expected to have material operation impact on Cahya Mata.
Any further material developments on the legal action will be announced to Bursa Securities
accordingly.
This announcement is dated 20 March 2025.
