The High Court is scheduled to hear the striking out application by businessman Goh Hwan Hua and four companies on Oct 31.
KUALA LUMPUR: Fifteen investors filed a civil suit against businessman Goh Hwan Hua and four companies last year over their alleged failure to pay monthly redemption value sums from the investors’ total outlay of about RM8 million.
In their statement of claim dated July 21 last year, the 15 plaintiffs claimed the companies failed to make the agreed-upon monthly payments from November 2021 to June 2022, despite having sent letters of demand through their solicitors. They contended that Goh, in issuing various notices and directives and holding conference calls with them, had made representations over ongoing issues faced by i-Serve and the impact it could have on their monthly returns.
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