Our website is made possible by displaying online advertisements to our visitors.
Please consider supporting us by disabling your ad blocker.

PRTASCO

0.260

(%)

OTHERS NOTICE OF ADJUDICATION UNDER SECTION 8 OF THE CONSTRUCTION INDUSTRY PAYMENT & ADJUDICATION ACT 2012 FILED BY A SUBSIDIARY

PROTASCO BERHAD

Type Announcement
Subject OTHERS
Description
NOTICE OF ADJUDICATION UNDER SECTION 8 OF THE CONSTRUCTION INDUSTRY PAYMENT & ADJUDICATION ACT 2012 FILED BY A SUBSIDIARY

Reference is made to the Company’s announcement on 15 March 2019 on the Notice of Adjudication pursuant to Section 8 of Construction Industry Payment Adjudication Act 2012 filed by HCM Engineering Sdn Bhd (“HCM”), a wholly owned subsidiary of the Company with the Asian International Arbitration Centre ("AIAC") Kuala Lumpur to commence adjudication proceedings against Southkey City Sdn Bhd ("SCSB") for the principal amount of RM3,475,129.42 (“Claim”).

 

The Company wishes to announce that HCM had received Adjudication Decision whereby SCSB shall pay to HCM an adjudicated amount of RM784,426.64 (including interest and adjudication cost).






Announcement Info

Company Name PROTASCO BERHAD
Stock Name PRTASCO
Date Announced 19 Jul 2019
Category General Announcement for PLC
Reference Number GA1-19072019-00063