QL Resources' Singapore Suit Discontinued Following Settlement
QL Resources discontinued a Singapore lawsuit after settling with the plaintiffs.Summary
QL Resources Berhad announced that a material litigation case in Singapore involving several subsidiaries and related parties has been discontinued following the completion of a settlement agreement. The plaintiffs in the case, known as Suit 982, filed a Notice of Discontinuance on May 28, 2026, which was accepted by the Registry of the High Court of the Republic of Singapore. The suit involved PT Pipit Mutiara Indah, Chia Seong Fatt, and QL Mutiara (S) Pte Ltd as plaintiffs, while PT Pipit Citra Perkasa (PCP), Juliet Kristianto Liu, and Kristianto Kandi Saputro were named as defendants. Following the filing, the scheduled pre-trial conference hearing has been vacated and the case officially discontinued. QL Resources noted that this update follows a series of earlier announcements dating back to December 2021 regarding the legal proceedings. The company also referred to a separate arbitration initiated by QL Oil Sdn Bhd (QLO) against Hang Ting Pte Ltd and PCP, which was first announced in August 2023.
(Source：Businesstoday | Malaysia)