KUALA LUMPUR (July 19): The High Court has issued an interim order restraining APFT’s former executive chairman Datuk Faruk Othman from trading or dealing in the company’s shares or exercising his voting rights pending the full disposal of a suit brought by the aviation training firm against him.

The order also prohibits him, his representatives or nominees from participating in the management of the company.

In a bourse filing, APFT said its notice of application was heard today on ex parte opposed basis, and that the court had directed that it be heard on inter parte basis on July 25.

On July 18, APFT had filed a lawsuit against Faruk for the misappropriation of company funds, causing the company to trigger Practice Note 17 status and breaching Bursa Malaysia's Main Market listing requirements. It had also sought an interim injunction against him.

APFT shares closed unchanged at 2.5 sen today, for a market capitalisation of RM33.56 million.