Integrated boutique developer Trinity Group Sdn Bhd has taken legal action against Trinity Corp Bhd, formerly known as Talam Corp Bhd, on the grounds of confusion and impact to the former's business arising from Talam's name change.
Trinity Group is seeking an order from the High Court for Trinity Corp, a listed company on Bursa Malaysia, to change its name to one that does not have the word "Trinity" in it.
In a press conference yesterday, managing director Dato’ Neoh Soo Keat clarified that Trinity Group, its associated companies, directors and shareholders are not in any way associated with Trinity Corp or any of its subsidiary companies.
"The Talam debt recovery exercise has caused a lot of confusion among our customers, business partners, shareholders and the public. There have been numerous enquiries urging us to clarify the issue, as many have mistakenly took our company to be Trinity Corp."
Neoh said the issue dates back to Aug 18, 2011 when Talam Corp was renamed Trinity Corp, triggering immediate confusion and impact on Trinity Group's business.
"As a developer, we tried to talk to Talam Corp but there was no solution, so we have to take Trinity Corp to court. We believe the High Court will deliver a fair judgment," Neoh said.
Trinity Group filed the suit with the High Court last November, with the trial heard on May 17 this year. Currently, both parties are awaiting a decision from the High Court that will determine whether the listed company will be allowed to use the name "Trinity'.
"We're taking a legal suit because we want to protect our name. What I need is our name and for the Trinity Group to continue to function well and not confuse the public," Neoh said.
He said even though Trinity Group has clarified its stance in a press conference last November, there is confusion among the public until today. He added that this had impacted sales of its properties, with cancellations by some purchasers.
Trinity Corp has been in the news after MCA Young Professionals Bureau chief Datuk Chua Tee Yong questioned its controversial RM392 million debt settlement with the Selangor government. Trinity Corp has denied that it was bailed out by the state government.