EVD Berhad has informed that the board will be temporarily relieving Mah Seong Huak who is the company’s Executive Director in charge of operation from operational duties.
This is in accordance to his capacity as an employee of the company overseeing the day-to-day executive management functions in area such as Project Management and Engineering, Project Tender and Budget, Project System Engineering and Business Development.
The group has further said the temporary relieve of operational duties of Mah Seong Huak will have no financial or operational impact on the EVD Berhad.
In a separate statement, the also notified on ongoing litigations with 3 High Court Winding-up Petitions of EVD Engineering Sdn Bhd, a wholly-owned subsidiary is coming up for hearing in February. It said the suit was from construction industry payment and Adjudication Act 2012 claims by sub-contractors totalling RM1,593,955.22.
The Board said it is currently investigating, sourcing, retrieving the relevant documents in respect of the Suit and will make further announcement to Bursa Malaysia Securities Berhad after procuring such Documents.
