Atlan Holdings which announced that two of its lands belonging to two of its wholly-owned subsidiaries, namely, Cergasjaya Sdn Bhd and Cergasjaya Properties Sdn Bhd have being subjected to compulsory acquisition is not satisfied with the amount offered by the Home Ministry.

The lands in Bukit Kayu Hitam, Kubang Pasu District, Kedah are being acquired by the Home Ministry for a new road alignment to connect the Bukit Kayu Hitam ICQS Complex in Kedah to the CIQ Sadao facility in Thailand. Atlan noted the land acquisition the Land Administrator had made an oral compensation award of approximately RM69.9 million. On 12 November 2024, the formal Notice of Award were served on the two subsidiaries.

Attal said it is not satisfied with the award and will only accept the award under protest and will file an objection by way of a land reference to the High Court. At the moment the company is unable to quantify the financial impact of the compulsory acquisition until the conclusion of the land reference in the High Court.