KUALA LUMPUR: Former Utusan Melayu (Malaysia) Berhad (UMMB) staff involved in the Voluntary Separation Scheme (VSS) exercise four years ago are entitled to the proceed of sales of the properties owned by UMMB and its subsidiaries.
High Court Judge Nadzarin Wok Nordin held that the employees in the VSS and UMMB’s subsidiaries and its related company were beneficiaries of the trust properties and not the creditors of UMMB.
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