PESTEC International Bhd has provided further details of its Kuala Lumpur High Court civil suit against two Chinese suppliers and four former members of its management, including claims for damages of at least US$7.46 million.
The company said the civil suit, filed on Aug 12, 2026, names Shandong Power Equipment Co Ltd (SPECO), Shandong Electrical Engineering & Equipment Group Co (SDEE), and former management members Lim Pay Chuan, Pan Seng Wee, Han Fatt Juan and Teh Bee Choo as defendants.
The plaintiffs are PESTEC International, Enersol Co Ltd and Pestech Sdn Bhd.
PESTEC said it is in the process of serving the cause papers on the defendants, with some of the service requiring proceedings outside Malaysia.
The suit seeks, among other reliefs, declarations that the defendants committed fraud, fraudulent misrepresentation or fraudulent concealment, as well as declarations that the four former management members breached their fiduciary duties.
PESTEC also alleges that the defendants were involved in a conspiracy to defraud or cause losses to the plaintiffs and/or a conspiracy involving unlawful means.
The company is seeking orders for SPECO and/or SDEE to repay or return sums received from transactions or invoices that are alleged to be fictitious, manipulated, duplicated, overclaimed or unsupported by actual transactions, subject to tracing and proof.
PESTEC is separately seeking repayment of US$200,000 from SPECO, an account of profits from parties that allegedly received or benefited from the plaintiffs’ funds, and disclosure of documents and information needed to trace the flow of funds.
The company is also seeking special damages of at least US$7.459 million, or such additional amount as may be established through forensic reconciliation, together with general damages to be assessed by the court.
Other relief sought includes interest at 5% per annum on the judgment sum and costs, as well as any other relief the court considers appropriate.
A key issue in the suit concerns an undated corporate guarantee purportedly given by PESTEC to SPECO.
PESTEC clarified that an earlier reference to a “Parent Guarantee Company” was a typographical error and that the intended term was “Parent Company Guarantee”.
“Accordingly, the company denies any liability whatsoever under and/or arising from the guarantee,” PESTEC said, adding that it would take all necessary steps to resist any attempt to enforce the instrument against it.
The latest disclosure was made in response to a Bursa Malaysia query dated Aug 21, following PESTEC’s earlier announcement on Aug 20 regarding the civil suit.
