Sentoria settles Industrial Court case with former CEO

• In a bourse filing, the company said former CEO, Datuk Loh Yuen Tuck has agreed to a consent award, under which Sentoria will pay RM142,800. Upon execution, both parties will release and discharge all claims against each other.

KUALA LUMPUR (July 23): Sentoria Group Bhd (KL:SNTORIA) has reached a settlement with its former CEO, Datuk Loh Yuen Tuck, in the Industrial Court.

In a bourse filing, the company said Loh has agreed to a consent award, under which Sentoria will pay RM142,800. Upon execution, both parties will release and discharge all claims against each other.

The filing also stated that both parties have voluntarily consented to the terms without admission of liability and agreed not to undertake any actions that may defame or disparage one another.

Loh initiated legal action against Sentoria Group Bhd in the Industrial Court last January, following a dispute over his employment.

Sentoria had previously claimed Loh repudiated his service contract by failing to return to work on July 1, 2024, rendering the agreement untenable.

Loh, however, argued he was constructively dismissed, alleging the company’s actions forced his departure. Sentoria rejected this claim, citing contractual violations and misconduct, including unauthorised absence and alleged misrepresentations.

Sentoria’s largest shareholder is Sentoria Capital Sdn Bhd, which is controlled by joint managing directors Datuk Chan Kong San and Datuk Gan Kim Leong, holding a 35.8% stake.

The Pahang state secretary is the second-largest shareholder in Sentoria with a 14.29% stake, while Tan Wei Lian, the executive chairman of TWL Holdings Bhd (formerly Tiger Synergy Bhd) (KL:TWL), holds 5.49% in Sentoria.

The company has triggered Bursa Malaysia's Practice Note 17 (PN17) criteria after its shareholders’ equity shrunk to 33% of its issued and paid-up capital, based on its just-released financial statement for the year ended Sept 30, 2024 (FY2024).

It has been in the red since FY2019. For FY2024, the company reported a net loss of RM89.04 million on revenue of RM7.55 million.

Shares of Sentoria closed unchanged at 0.5 sen on Wednesday, giving the company a market capitalisation of RM3.11 million.

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