DANCO

0.600

+0.015 (+2.6%)

MATERIAL LITIGATION DANCOMECH HOLDINGS BERHAD ("DANCOMECH" OR "COMPANY") - ARBITRATION CLAIM BY SGV BUILDERS SDN BHD ("CLAIMANT") AGAINST DANCOMECH ENGINEERING SDN BHD ("DESB") ("ARBITRATION CLAIM")

DANCOMECH HOLDINGS BERHAD

Type Announcement
Subject MATERIAL LITIGATION
Description
DANCOMECH HOLDINGS BERHAD ("DANCOMECH" OR "COMPANY")
-	ARBITRATION CLAIM BY SGV BUILDERS SDN BHD ("CLAIMANT") AGAINST DANCOMECH ENGINEERING SDN BHD ("DESB") ("ARBITRATION CLAIM")

Unless otherwise defined, the defined terms used in this announcement shall carry the same meaning as those defined in our announcement dated 26 March 2021 in relation to the Arbitration Claim (“Announcement”).

 

Reference is made to our Announcement pertaining to the Arbitration Claim.

 

The Board of Directors of Dancomech wishes to announce that our wholly-owned subsidiary, DESB, has on 31 March 2021, via its solicitors, received a letter of demand from Messrs Gan Partnership, acting for the Claimant, claiming for the Final Award amounting to RM1,142,837.19 to be paid to the Claimant by 7 April 2021.

 

DESB is currently seeking the advice of its solicitors on the matter. In this regard, any further material development of the matter will be announced in due course.

 

This announcement is dated 1 April 2021.






Announcement Info

Company Name DANCOMECH HOLDINGS BERHAD
Stock Name DANCO
Date Announced 01 Apr 2021
Category General Announcement for PLC
Reference Number GA1-01042021-00057