MATERIAL LITIGATION EVD BERHAD ("EVD" OR "THE COMPANY") - NOTICE OF ADJUDICATION DATED 3 SEPTEMBER 2025 ISSUED UNDER THE SECTIONS 7 AND 8 OF THE CONSTRUCTION INDUSTRY PAYMENT AND ADJUDICATION ACT 2012 BY FASTFIX SDN. BHD. AGAINST EVD ENGINEERING SDN. BHD., A WHOLLY-OWNED SUBSIDIARY OF THE COMPANY
| EVD BERHAD |
| Type | Announcement |
| Subject | MATERIAL LITIGATION |
| Description | EVD BERHAD ("EVD" OR "THE COMPANY")
- NOTICE OF ADJUDICATION DATED 3 SEPTEMBER 2025 ISSUED UNDER THE SECTIONS 7 AND 8 OF THE CONSTRUCTION INDUSTRY PAYMENT AND ADJUDICATION ACT 2012 BY FASTFIX SDN. BHD. AGAINST EVD ENGINEERING SDN. BHD., A WHOLLY-OWNED SUBSIDIARY OF THE COMPANY |
|
We refer to the Company’s announcement made on 3 September 2025 in respect of the Notice of Adjudication dated 3 September 2025 issued pursuant to Sections 7 and 8 of the Construction Industry Payment and Adjudication Act 2012 (“CIPAA”), by FastFix Sdn. Bhd. (“FastFix”) through their solicitors to EVD Engineering Sdn. Bhd. (“EVDE”), for a claim amount of RM807,870.33 purportedly due and owing to FastFix.
The Company wishes to announce that on 16 December 2025, EVDE was served with a Notice of Withdrawal of Adjudication Claim / Proceedings dated 5 December 2025, issued by FastFix’s solicitors pursuant to Section 17(1) of the CIPAA, whereby EVDE and FastFix have amicably resolved the disputes.
This announcement is dated 16 December 2025. |
|
Announcement Info
| Company Name | EVD BERHAD |
| Stock Name | EVD |
| Date Announced | 16 Dec 2025 |
| Category | General Announcement for PLC |
| Reference Number | GA1-16122025-00039 |