CTOS seeks stay of execution of High Court judgement on inaccurate credit rating

PETALING JAYA: CTOS Digital Bhd’s wholly-owned unit, CTOS Data Systems Sdn Bhd (CDS) has applied for a stay of execution of a High Court judgement, after CDS was ordered to pay damages to its client over inaccurate negative credit rating.

In a filing with Bursa Malaysia, CTOS said CDS had appealed the decision of the High Court to the Court of Appeal on Feb 8, 2024 and had further filed an application to stay the execution of the judgement of the High Court.

“CDS has been advised that it has a good chance of success in its appeal,” said CTOS.