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An announcement from Capital World Ltd. ( (SG:1D5) ) is now available.
Capital World Limited has provided an interim update on ongoing litigation involving its subsidiary Capital City Property Sdn Bhd (CCPSB) and CCRM Management Sdn Bhd, which had previously been held jointly and severally liable for claims estimated at RM10 million brought by 99 purchasers. The Court of Appeal had earlier allowed CCPSB’s and CCRM’s appeal, setting aside the High Court judgment and relieving them of liability, but the purchasers have escalated the matter to the Federal Court, which has now fixed the first case management of the substantive appeal for 26 January 2026. The latest development prolongs legal uncertainty around the disputed claims, and the company has stated it will continue to monitor the proceedings and update stakeholders on any material changes, with the eventual Federal Court outcome likely to have implications for its financial exposure and reputation in its core property markets.
More about Capital World Ltd.
Capital World Limited, incorporated in the Cayman Islands, operates as an investment holding company with subsidiaries involved in property-related activities, including development projects in Malaysia through units such as Capital City Property Sdn Bhd. The group’s business exposure links it closely to the Malaysian real estate and integrated development market, where project delivery and legal outcomes can materially affect its financial position and stakeholder confidence.
Current Market Cap: S$16.1M
See more data about 1D5 stock on TipRanks’ Stock Analysis page.