KUALA LUMPUR – HydroShoppe Sdn Bhd, the sole shareholder of Menara Kuala Lumpur Sdn Bhd (MKLSB), has accused Lim Seong Hai Capital Berhad (LSH Capital) of delaying the takeover process of Menara Kuala Lumpur and offering less favorable employment terms that have negatively impacted former staff, particularly Bumiputera employees.
In a strongly worded statement, HydroShoppe said that it had previously informed LSH Capital that any acquisition of Menara KL’s operations must include the absorption of all 205 MKLSB staff under the principle of “no less favorable” employment terms. The move, they explained, was intended to avoid triggering Termination and Layoff Benefits (TLOB), amounting to RM2.69 million.
“However, LSH Capital delayed the process and offered inferior employment terms, which had a significant negative impact on many of the Bumiputera staff at Menara Kuala Lumpur,” the statement read.
HydroShoppe claimed that due to these delays, MKLSB was ultimately forced to bear the cost of TLOB payments—an outcome they described as both financially damaging and unfair.
Citing information from former MKLSB employees, HydroShoppe further alleged that job offers were made selectively, and that certain individuals received lower benefits than previously offered by MKLSB, contrary to what was portrayed in public statements by LSH Capital.
“This clearly shows a pattern of manipulation aimed at tarnishing MKLSB’s reputation,” the company added.
As a result of LSH Capital’s repeated breaches and the alleged lack of action by the Ministry of Communications, HydroShoppe stated that MKLSB has retained the right to continue operating Menara Kuala Lumpur beyond April 1, 2025, and has brought the dispute to court for resolution.
HydroShoppe also took issue with what it described as LSH Capital’s attempt to recruit temporary staff, claiming the move was an intentional disruption of Menara KL’s daily business operations.
“This can be categorised as employee raiding—an aggressive and unlawful attempt to recruit MKLSB staff with the objective of disrupting operations,” it said.
The statement further noted that all utility accounts related to the tower’s operations remain registered under MKLSB. No official application for operational transfer had been submitted by LSH Capital, suggesting that its claim of having assumed control as of April 1 was, in HydroShoppe’s words, “pure theatre.”
HydroShoppe has urged both LSH Capital and the Ministry of Communications to refrain from issuing unfounded statements and to respect the ongoing legal process.
“This case is now before the courts, and it is imperative that all parties uphold the rule of law and act with transparency and fairness,” the statement concluded. -MalayaDailyToday