PETALING JAYA, 20 April: The Seremban High Court has allowed Mah Sing Group Bhd’s application to strike out a claim by seven people who claimed they were undivided registered proprietors/beneficial owners to the land.
In a Bursa Malaysia filing yesterday, Mah Sing said the court struck out the claim made against its unit Grand Prestige Development Sdn Bhd with costs of RM3,000.
Grand Prestige, which seeks to launch a project with a potential gross development value (GDV) of RM7.5 billion on 960 acres in Seremban, was served with the writ and statement of claim in August last year.
The seven plaintiffs had sought a declaration that the agreement to sell and acquire the land is invalid, among others.
On Aug 11, 2014, Grand Prestige had entered into an agreement to buy the 960-acre prime freehold land in Seremban for RM359.56 million in cash.
Two weeks after the initial announcement on the land purchase to Bursa Malaysia, Mah Sing announced that Grand Prestige’s solicitors conducted a land search on the land on Aug 15, 2014, and discovered that there was a caveat notice of interest in land lodged on Aug 8, 2014.