Legal suit pending sukuk revamp


PETALING JAYA: Legal action is pending against Tan Sri Abu Sahid Mohamed’s Bright Focus Bhd by holders of its RM1.35bil sukuk musharakah, as they look to recover RM97.02mil in advances made to its holding company, Maju Holdings Sdn Bhd, in 2018.

Bright Focus holds the concession for the 26km Maju Expressway (MEX) via its 96.8% subsidiary Maju Expressway Sdn Bhd (MESB).

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