QL Resources Ends Long Standing Singapore Arbitration After Settlement
QL Resources Berhad ended arbitration against Hang Ting Pte Ltd and PT Pipit Citra Perkasa after a settlement, concluding a dispute that began in 2023.Summary
QL Resources Berhad has formally concluded arbitration proceedings that were initiated by its wholly owned subsidiary, QL Oil Sdn Bhd (QLO), against Singapore-based Hang Ting Pte Ltd (HT) and Indonesia’s PT Pipit Citra Perkasa. The dispute, which began in 2023, was settled in July 2026 when the Singapore International Arbitration Centre (SIAC) issued a termination order, effectively ending the case. While the company did not disclose the settlement terms or financial implications, the arbitration was part of a broader legal conflict over QL Resources’ Indonesian palm oil interests, which has included ongoing court actions such as Suit 982 involving multiple parties. QL Resources has regularly updated shareholders on the developments of this dispute since late 2021, with the latest announcements released between March and May 2026.
(Source：Businesstoday | Malaysia)