Unless stated otherwise, definitions used in this announcement shall carry the same meanings as defined in the previous announcement dated 26 June 2025 (“Announcement”).
Further to the Announcement made by the Company in relation to the Adjudication Claim, the Company wishes to announce that TBSB has on 24 September 2025 been notified by its legal representative that the Adjudicator has on 24 September 2025 determined and delivered his Adjudication Decision in favour of TBSB. The Adjudicator’s Decision are as follows:-
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ECSB shall pay TBSB the adjudicated amount of RM345,741.88 on or before 7 October 2025 (“Adjudicated Amount”);
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ECSB shall pay TBSB interest on the Adjudicated Amount calculated at the rate of 5% per annum on daily rests on the amount due, i.e. from 30 December 2024 on the sum of RM303,723.40, and from 10 January 2025 on the sum of RM42,018.48, until the date where full payment is made for each respective item;
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ECSB shall pay TBSB costs of the adjudication proceeding amounting to RM73,684.59 on or before 7 October 2025.
The Company will make appropriate announcement to Bursa Securities as and when there are material developments in relation thereto in accordance with the Main Market Listing Requirement of Bursa Securities.
This announcement is dated 24 September 2025.