HOLLYWOOD ACTOR BRUCE WILLIS INVESTING IN MALAYSIA

Popular Hollywood Actor starring in the DIE HARD film series is in partnership with Tunku Imran Of Negeri Sembilan over a business venture in Malaysia. Willis is perhaps being earmarked for datukship from Negeri Sembilan as well just as Shah Rukh Khan received one recently from "Melaka".

Willis resolves dispute over 'green rubber' with Tunku Imran and Vinod Sekhar
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LOS ANGELES (Nov 27, 2008) : Hollywood star Bruce Willis has resolved his dispute with a Malaysian prince and his company over a US$2 million (RM7.26 million) investment in green rubber, the actor's attorney said on Wednesday.

A Reuters report from Los Angeles quoted Willis' attorney, Martin Singer, as saying in a statement that the lawsuit was amicably resolved and that it resulted from a series of miscommunications.

On Nov. 20, Willis sued Tunku Imran Tuanku Ja'afar and Datuk Vinod B. Sekhar, principals of environmental technology company The Petra Group, in which he had invested.

The lawsuit said that Willis had been told by Sekhar that the actor stood to profit from an initial public offering of Petra subsidiary Elastomer Technologies, which had been set for the third quarter of 2008. The IPO did not happen and Willis tried to take his money out of the company.

Tunku Imran, Sekhar and The Petra Group repaid Willis US$1.1 million of his original investment, but Willis said when he filed his lawsuit that the remaining $900,000 was not returned, despite false assurances to the contrary given to him.

"Having resolved the matter, I will continue to maintain a shareholding position in the company and I wish the company, the directors and my fellow shareholders the very best for the future," Willis said in a statement.

In Kuala Lumpur, Sekhar said in a statement issued today that he was glad the misunderstanding with Willis has been settled.

"I am glad that Willis has decided to remain a shareholder in Green Rubber," he added.