Ho Hup Construction and Sunrise Model resolve legal dispute amicably as court strikes out petition

• The petition, filed by Sunrise Model on July 17, 2024, stemmed from a RM1.95 million deposit paid by Sunrise Model for a proposed purchase of part of a mixed development project in Bukit Jalil.

KUALA LUMPUR (Feb 18): Ho Hup Construction Bhd (KL:HOHUP) said the dispute with Sunrise Model Sdn Bhd has been settled amicably.

This came after the High Court of Malaya in Kuala Lumpur ordered the petition to be struck out against its wholly owned subsidiary Bukit Jalil Development Sdn Bhd (BJD) on Feb 7, 2025, with no order as to costs.

A sealed order was issued on Feb 12 this year and received by BJD on Feb 17, said Ho Hup Construction on Monday.

The petition, filed by Sunrise Model on July 17, 2024, stemmed from a RM1.95 million deposit paid by Sunrise Model for a proposed purchase of part of a mixed development project in Bukit Jalil.

The company had expressed interest in acquiring assets for RM97.65 million via a letter of offer dated Nov 10, 2021. The assets are the hotel component of Tower B on levels 43 to 47 in the mixed development project to be built at Bandar Bukit Jalil, Kuala Lumpur.

However, as the transaction was never finalised and no sale agreement was executed, Sunrise Model sought the return of its deposit and initiated legal proceedings to wind up BJD under Section 465(1)(e) of the Companies Act 2016.

Ho Hup had previously disputed Sunrise Model’s claim, arguing that the letter of offer did not contain any provisions for termination or refunds and described the petition’s claims to be an abuse of courts processes intended to put undue pressure onto the group and or BJD to resolve an unadjudicated and disputed claim.

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