Yongnam Holdings AXB and its wholly-owned subsidiary Yongnam Engineering have received separate notices of demand from Trevor George Partnership (TGP) in relation to outstanding legal fees due and owed to the law firm.
The notice of demand received by Yongnam, dated Jan 16, alleges that a collective sum of RM53506.82 ($15173.39) has been due and owed to TGP for over 90 days.
TGP’s notice states that the law firm had previously served Yongnam an invoice on two occasions July 10 and Aug 18, 2023, for its work on an appeal in the Johor Bahru High Court against the execution of a writ of distress and its work on a summary judgement application in the Johor Bahru High Court.
The notice of demand issued to Yongnam Engineering, also dated Jan 16, alleges that a collective sum of RM34227.39 has also been due and owed to TGP for 90 days. The subsidiary was issued invoices on the same dates as its parent company in 2023.
Unless both sums are paid to TGP within seven days from Jan 16, the law firm says it will be compelled to commence legal proceedings against both Yongnam and its subsidiary for the recovery of its legal fees.
Separately, Yongnam Engineering also faces a claim of RM1.69 million after failing to make an appearance in the Johor Bahru High Court for the suit filed by Pantech Gelvanising on Dec 8, 2023.
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Shares in Yongnam last traded at 2.6 cents before its share trading suspension on Nov 24, 2022.
