Apex Equity Holdings Berhad has issued a formal statement to clarify the nature of an ongoing legal action involving the company, saying that the move is purely procedural and aimed at ensuring regulatory compliance.
The company said the legal action relates to its efforts to adopt a new company constitution, in line with the updated requirements set out by Bursa Malaysia’s listing rules. Despite holding multiple general meetings, the proposed changes failed to gain sufficient shareholder approval.
In response, Executive Chairman Datuk Wira Farhash Wafa Salvador has filed an Originating Summons with the Kuala Lumpur High Court to seek judicial assistance in proceeding with the constitutional update.
Apex emphasised that the legal action does not arise from any internal dispute but is instead a compliance-driven move to ensure the company’s governance structure meets current regulatory standards.
“This action is procedural in nature and does not reflect any disagreement within the Company or its leadership team,” the statement read. “The Company’s decision to seek the Court’s intervention demonstrates our commitment to transparency, good governance, and proactive resolution.”
The company reassured stakeholders that the court proceedings will have no impact on its daily operations or financial position, adding that Apex remains focused on long-term value creation and high corporate governance standards.
