PUNCAK

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MATERIAL LITIGATION PUNCAK NIAGA HOLDINGS BERHAD (416087-U) ("PUNCAK" OR THE "COMPANY") UPDATE ON ARBITRATION PROCEEDINGS IN RELATION TO THE CHENNAI WATER SUPPLY AUGMENTATION PROJECT 1 - PACKAGE III ("CHENNAI PROJECT"), INDIA ("THE SECOND ARBITRATION PROCEEDINGS")

PUNCAK NIAGA HOLDINGS BERHAD

Type Announcement
Subject MATERIAL LITIGATION
Description
PUNCAK NIAGA HOLDINGS BERHAD (416087-U) ("PUNCAK" OR THE "COMPANY")
UPDATE ON ARBITRATION PROCEEDINGS IN RELATION TO THE CHENNAI WATER SUPPLY AUGMENTATION PROJECT 1 - PACKAGE III ("CHENNAI PROJECT"), INDIA ("THE SECOND ARBITRATION PROCEEDINGS")

Reference is made to the Company's previous announcements dated 3 December 2012, 1 April 2013, 29 April 2013, 20 May 2013, 6 November 2013, 2 December 2013, 3 December 2013, 10 December 2013, 29 June 2018, 30 July 2018, 27 August 2018, 14 September 2018 and 4 October 2018 on the above matter.

The Company would like to update the Exchange that the Madras High Court adjourned the hearing of the Second Arbitration Proceedings to a later date to be advised in due course.

This announcement is dated 1 November 2018.






Announcement Info

Company Name PUNCAK NIAGA HOLDINGS BERHAD
Stock Name PUNCAK
Date Announced 01 Nov 2018
Category General Announcement for PLC
Reference Number GA1-01112018-00003