PETALING JAYA: Sugar refinery company MSM Malaysia Holdings Bhd has discontinued its legal action against Gas Malaysia Bhd’s subsidiary over a disputed sum of RM10.32 million pertaining to gas supply to its wholly-owned subsidiary MSM Sugar Refinery Sdn Bhd .
The group said the move will not result in any potential, financial and operational impact on MSM Malaysia or its affiliated companies.Last year, MSM initiated the lawsuit against Gas Malaysia Energy and Services Sdn Bhd after MSM Johor was forced to stop accepting gas supply from them, which followed a shutdown of its refinery operations due to boiler leakages in 2020 and 2021.
According to MSM’s latest annual report, FGV Holdings Bhd is the majority shareholder with a 51% stake.
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