KUALA LUMPUR (Sept 6): iDimension Consolidated Bhd said its wholly-owned unit has been sued by Online E-Club Management Sdn Bhd for alleged breach of distributorship agreement.
The matter had been fixed for case management on Sept 18, the software developer said in a filing to Bursa Malaysia today.
iDimension said Online E-Club, an online software player, is seeking a declaration that the latter had lawfully terminated the distributorship agreement.
iDemension does not foresee the legal action to have any material financial and operational impact on the group.
Shares of iDimension closed at half a sen or 11.11% lower at four sen today, for a market capitalisation of RM10.88 million.
Year to date, the stock has fallen by 71.43%.