Apex Equity Provides Clarity on Legal Action
PETALING JAYA, 4 July 2025 — Apex Equity Holdings Berhad (“Apex” or “the Company”) refers to its announcements dated 13 January 2025, 6 March 2025, 30 April 2025, and 1 July 2025 made on the Company’s announcement section on Bursa Malaysia Securities Berhad website (“Bursa Malaysia”) and wishes to provide further clarity regarding the recent legal action involving the Company.
Apex has been working to adopt a new Constitution to comply with Bursa Malaysia’s Main Market Listing Requirements, which require listed companies to update their constitutions in line with current regulatory standards. Despite convening several general meetings, the proposed adoption has not yet received the required level of shareholders’ approval, and further engagements with shareholders have unfortunately yielded no favourable results or responses.
In view of the above and to ensure continued compliance and safeguard the interests of all stakeholders, the Company, through Datuk Wira Farhash Wafa Salvador, its Executive Chairman, has taken the step of seeking a Court Order in the Kuala Lumpur High Court Originating Summons No.: WA-24NCC-13-01/2025 with a view to adopt the new Constitution. This legal action is merely procedural in nature and a compliance-focused measure. It does not reflect any dispute by the Company or its leadership team.
The Company’s decision to seek the Court’s intervention merely acts as means to resolve the matter. It also reflects Apex’s commitment to transparency, good governance, and proactive resolution, whilst ensuring it continues to meet its regulatory obligations.
Whilst the court hearings are underway, Apex continues to greatly value the support and views of all its shareholders and stakeholders and welcomes open, ongoing engagement and constructive discussions at any time.
There is no anticipated impact on the Company’s day-to-day operations or financial position as a result of this action. Apex remains firmly committed to upholding high standards of corporate governance and regulatory compliance, whilst continuing to focus on long-term value creation for all stakeholders.
Further information and updates can be found on the Company’s website at https://apexequity.com.my, or via its announcements made on Bursa Malaysia.
For media enquiries, please contact:
Redxona Low
Company Secretary
Apex Equity Holdings Berhad
Email: redxona.low@apexequity.com.my
