Kumpulan Jetson Berhad has issued a statement with regard to a writ of summon filed by OCR Berhad's subsidiary O&C Makok Isola Sdn Bhd against Jetson Construction Sdn. Bhd. stating that JCSB is not a subsidiary nor a member company.
It added the company mentioned as a second defendant in the suit for the limited corporate guarantee up to RM4.4 million issued by Jetson in the year 2022 ceased with the termination of the contract between OCMI & JCSB in year 2022 and the alleged claim by OCMI is without merits.
Jetson said it has sought advice from its solicitors and has instructed the solicitors to take all necessary steps to vigorously defend its position. The company believes that the cuit is not expected to have any material financial and operational impact on the financial year ending 31 March 2025.
