Q & M Dental Group (Singapore) (SGX:QC7) said the High Court of Malaya in Kuala Lumpur has recognized and enforced an arbitration award in favor of its Malaysian unit, Q & M Dental Group (Malaysia), in a dispute with minority shareholders of AR Dental and Pride Access, according to a Friday filing on the Singapore Exchange.
The court dismissed an application by the defendants to set aside the enforcement order and directed them to pay 20,000 ringgit in costs.
The defendants have lodged an appeal with Malaysia's Court of Appeal.
Disclaimer: Investing carries risk. This is not financial advice. The above content should not be regarded as an offer, recommendation, or solicitation on acquiring or disposing of any financial products, any associated discussions, comments, or posts by author or other users should not be considered as such either. It is solely for general information purpose only, which does not consider your own investment objectives, financial situations or needs. TTM assumes no responsibility or warranty for the accuracy and completeness of the information, investors should do their own research and may seek professional advice before investing.