
By DayakDaily Team
KUCHING, Feb 4: Cahya Mata Sarawak Bhd (Cahya Mata Sarawak) announced that its wholly owned unit, Cahya Mata Intelligent Technologies Sdn Bhd, is taking legal actions against Vienna Advantage GMBH (Vienna Advantage) over its failure to fulfil its part in contracts signed on July 2019 and Nov 2023.
In a filing on Bursa Malaysia, it said Cahya Mata IT has commenced arbitration proceedings against Vienna Advantage.
āCahya Mata IT commenced arbitration against Vienna Advantage in relation to disputes on Vienna Advantage’s failure to supply and implement the Enterprise Resource Planning (ERP) and related services within Cahya Mata vide several agreements signed on diverse dates between July 2019 and November 2023,ā it stated.
āWe are informed by Messrs Skrine Advocates & Solicitors on January 23, 2025, that they are authorised to accept service of the Notice of Arbitration for and on behalf of Vienna Advantage,ā it added.
Cahya Mata Sarawak noted that the arbitration is not expected to have any potential business, financial or operational impact on Cahya Mata Sarawak.
Cahya Mata IT has appointed a law firm in Malaysia to represent and assist Cahya Mata IT in the arbitration proceedings. The Company will announce any further developments on the arbitration proceedings as and when they arise.
Vienna Advantage is a software company specialising in open-source cloud ERP software. ā DayakDaily