Including the interim payment of RM12 million received by the group in October 2022, QAF and its insurer have reached a final settlement sum of approximately RM33 million for its consequential loss claims.
Including this latest payment, the total amount received to-date under the group’s applicable insurance policies — for consequential loss as well as damage to stock, property, plant and equipment — is approximately RM109 million, with estimated tax liabilities of RM24 million.
Shares in QAF closed 0.5 cents or 0.61% up at 82 cents on Nov 20.
