Aspen unit Aspen Vision Builders faces winding-up petition over RM 2.77 million claim

• Aspen’s wholly owned unit Aspen Vision Builders received a winding-up petition in Malaysia’s High Court at Penang on July 24.
• Proventus Bina seeks liquidation over a disputed construction claim tied to a project completed May 24, 2021.
• The claim stems from a CIPAA adjudication award of MYR 2.77 million, with interest, costs.
• Aspen Vision Builders started arbitration on Nov. 27, 2025, filed appeals on July 6, 2026, deposited MYR 3.58 million with solicitors.
• The group expects no material financial impact, plans to oppose the petition.

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