Magma Group Announces Positive Withdrawal from Legal Proceedings, Sets Stage for a New Beginning
Company Looks Forward to Fresh Business Development Opportunities Following Court's Decision KUALA LUMPUR, Jan 10, 2024 - (ACN Newswire) - Magma Group Berhad ("Magma" or the "Company"), a dynamic investment holding group, today announced a significant development in the Company’s ongoing legal proceedings. During the Case Management held on 9 January 2024, the Court granted permission for Public Bank Berhad (“the Plaintiff”) to withdraw the Suit against the Defendants, which includes Astaka Mekar Sdn Bhd, a wholly-owned subsidiary of Magma. This withdrawal is executed with the liberty to file ...