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Kota Kinabalu: KTI Landmark Berhad has dismissed allegations circulating on Facebook regarding the construction progress and financial condition of its flagship The Logg development, describing the claims as false, unsubstantiated and without any factual basis.

The company said The Logg project remains on schedule in accordance with its construction timeline, while its financial position continues to be strong and stable.

“The Logg remains on track in accordance with its construction schedule, and the company’s financial position remains strong and stable. We remain fully committed to delivering the project as planned and will continue to update purchasers, tenants and stakeholders through our official channels,” said the management in a statement, Thursday.

KTI Landmark said it views the circulation of false and misleading information seriously due to its potential to create unnecessary concern among stakeholders and unfairly damage the company’s reputation.

The company said it is pursuing legal action against the individual responsible for publishing, circulating and amplifying the alleged false statements, as well as any other parties who continue to share, repost or further disseminate the claims.

“We treat the circulation of false and misleading information with utmost seriousness, given its potential to cause undue alarm to stakeholders and unfair damage to our reputation,” said the statement.

To address concerns over its financial standing, KTI Landmark encouraged members of the public to refer to its Annual Report, which is available on Bursa Malaysia’s website and the company’s corporate website, for a comprehensive and accurate account of its financial position.

The company also advised the public to rely only on announcements issued through its official communication channels and official social media platforms. Members of the public seeking further clarification have been urged to direct enquiries to [[email protected]](mailto:[email protected]). 

KTI Landmark reaffirmed its commitment to delivering The Logg project as planned while continuing to keep purchasers, tenants and stakeholders informed through official updates.