
“It’s a court matter now. So the authorities will have to wait for the court’s decision,” Hydroshoppe’s managing director Abdul Hamid Shaikh Abdul Razak Shaikh told reporters here.
The police report was lodged on April 1 by LSH Service Master Sdn Bhd (LSHSM), which said it was unable to take over the operations of the skyscraper from Hydroshoppe and its subsidiary, Menara Kuala Lumpur Sdn Bhd (MKLSB).
LSHSM CEO Khairil Faizal Othman said LSHSM faced financial losses for each day that the company was unable to take over the operations, but declined to divulge the amount.
LSHSM signed a lease agreement with the federal lands commissioner in March for a 20-year concession to operate KL Tower and its surrounding areas, effective April 1.
However, Hydroshoppe and MKLSB filed a lawsuit to challenge the award of the concession, seeking RM20.13 million in losses and damages and for the concession to be transferred to them.
They have also refused to vacate the premises and continue to operate the tower. In a statement yesterday, MKLSB said the Kuala Lumpur High Court’s decision was not final and that the court had neither ordered the transfer of management to a third party nor directed the handover of the site or the concession.
The High Court judge previously dismissed the application by MKLSB and Hydroshoppe for an ad interim injunction, ruling that the balance of convenience did not favour granting the injunction to the former operator.
On a separate matter, Hamid said that MKLSB would be hosting an Aidilfitiri open house also attended by former prime minister Dr Mahathir Mohamad.
Hamid said he was personally funding the event as a gesture of appreciation for Mahathir, whom he said had played a key role in the construction of the tower.