Serial System Wins Appeal as Malaysian Court Upholds High Court Ruling
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Serial System Ltd has won an appeal as the Malaysian Court upheld a High Court ruling in favor of its subsidiary, Bast. The appeal by MDFF and Dato’ John was dismissed, and they are required to pay MYR 50,000 in legal costs. The company had already accounted for this claim in its 2020 and 2021 financial statements, indicating minimal financial impact but a stronger legal position. Serial System Ltd is based in Singapore and operates with various subsidiaries.
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