KUALA LUMPUR HIGH COURT CIVIL SUIT [WA-22C-95-11//2018]

NWP BUILDER SDN BHD (“Builder” or the “Plaintiff”) -vs- LISTARI MARINA (MM2H) SDN. BHD. (the “Defendant”)

Further to the announcement made by the Company on 6 August 2020 regarding the abovementioned matter, the Company wishes to announce that the Defendant had on 7 August 2020 served the Notice of Arbitration to the Plaintiff. The claim contained in the said Notice of Arbitration is  essentially the Defendant's counter-claim on the said KL High Court suit. The Defendant is claiming against the Plaintiff  for a sum of RM15,632,784.88 being alleged damages and losses suffered by the Defendant due to the Defendant allegation that the Plaintiff's failure, refusal and/or neglect to commence and perform the work pursuant to the Turnkey Contract and Supplementary Agreement.

The Company has sought legal opinion and shall vigorously defend the meritless claim filed by the Defendant against the Plaintiff.

This announcement is dated 10 August 2020.