Court orders Sime Darby Property to repay RM36.23 million for overcompensated land
The Shah Alam High Court has ordered Sime Darby Property Bhd to repay RM36.23 million to the Malaysian Highway Authority (LLM), plus 5% annual interest, after finding the developer received excess compensation for seven…
Source: The Edge Malaysia · July 22, 2026 at 7:30 AM · AI-assisted report
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KUALA LUMPUR, 22 JULY 2026 —
The Shah Alam High Court has ordered Sime Darby Property Bhd to repay RM36.23 million to the Malaysian Highway Authority (LLM), plus 5% annual interest, after finding the developer received excess compensation for seven plots of land compulsorily acquired for the West Coast Expressway in 2015.
Market Impact
Sime Darby Property said the court ruled the company was overpaid for the land under the Land Acquisition Act 1960, which was earmarked for the expressway linking Klang to Ipoh. The developer told Bursa Malaysia the judgment will create a financial impact through the repayment and accrued interest but insisted it will not materially affect operations.
The company said it is reviewing the decision and considering its next steps, including potential appeals. LLM has not publicly commented on the ruling.
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The rejected shareholders—Sheah, Sy Dioceldo Sy, Cheah Eng Chuan and Datuk James Jr Lee Weng Kei—had sought to remove group managing director Andrew Chan Lim-Fai and appoint Sheah, Datuk Richard George Azlan Abas and Datuk Dr Teo Tong Kooi as directors. PRG said it will not convene the EGM.
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