We refer to the announcements made on 10 February 2017 and 22 May 2017 in relation to the above matter.
The Board of Directors of Kia Lim Berhad (“KLB” or “the Company”) wishes to announce that the appointed adjusters, Maphilindo International Sdn Bhd informed Syarikat Kia Lim Kilang Batu Bata Sdn Bhd, a wholly owned subsidiary of KLB that the Insurer, RHB Insurance Berhad agreed to compensate a total settlement of RM1,483,632.51 for the claim.
The total settlement of the claim is pending for finalisation and an announcement will be made upon acceptance of the same.
The Board of Directors of the Company will continue to update on material development for the above incident.
This announcement is dated 08 August 2017.
