United Asiapac filed Fortuna injunction against founder Farah Sabryna, days before its market debut
KUALA LUMPUR: ACE Market-bound United Asiapac Energy Bhd (UAEB) has moved to legally shield itself from a winding-up threat by its ousted founder, filing a Fortuna injunction to block a statutory demand over RM126,000 in disputed salary arrears.
KUALA LUMPUR: United Asiapac Energy Bhd (UAEB) has taken legal action to prevent its former founder, Farah Sabryna Nasarudin, from filing a winding-up petition, days before the company's market debut. UAEB, an oil and gas well intervention specialist, filed a Fortuna injunction at the High Court of Malaya on September 3. Farah had issued a statutory notice on August 26 demanding RM126,000 in unpaid salary for the period of March to June 2024.
UAEB clarified that the claimed sum is already the subject of ongoing litigation, including Suit 454, Suit 590, and Industrial Court Matter 183. The latter relates to Farah's dismissal while on maternity leave in March 2024, with UAEB's subsidiary filing a suit against former employees accusing them of various wrongdoings. UAEB's board affirmed the company's financial solvency and expected no adverse impact on its operations due to the dispute.
The Fortuna injunction aims to protect UAEB as its IPO, intending to raise RM48.73 million, faces regulatory scrutiny.
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