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MATERIAL LITIGATION PUNCAK NIAGA HOLDINGS BERHAD (416087-U) ("PUNCAK" OR THE "COMPANY") UPDATE ON ARBITRATION PROCEEDINGS IN RELATION TO THE CHENNAI WATER SUPPLY AUGMENTATION PROJECT 1 - PACKAGE III ("CHENNAI PROJECT"), INDIA ("THE SECOND ARBITRATION PROCEEDINGS")

PUNCAK NIAGA HOLDINGS BERHAD

Type Announcement
Subject MATERIAL LITIGATION
Description 
PUNCAK NIAGA HOLDINGS BERHAD (416087-U) ("PUNCAK" OR THE "COMPANY")
UPDATE ON ARBITRATION PROCEEDINGS IN RELATION TO THE CHENNAI WATER SUPPLY AUGMENTATION PROJECT 1 - PACKAGE III ("CHENNAI PROJECT"), INDIA ("THE SECOND ARBITRATION PROCEEDINGS")

Reference is made to the Company's previous announcements dated 3 December 2012, 1 April 2013, 29 April 2013, 20 May 2013, 6 November 2013, 2 December 2013, 3 December 2013, 10 December 2013, 29 June 2018, 30 July 2018, 27 August 2018, 14 September 2018, 4 October 2018, 1 November 2018, 8 March 2019,10 April 2019, 25 April 2019, 14 June 2019, 27 June 2019, 25 January 2021, 10 February 2022, 17 February 2022, 23 February 2022, 17 March 2022, 1 April 2022 and 22 April 2022 on the above matter.

Puncak wishes to update the Exchange that the Claimant’s appeal against the decision of the Arbitration Panel dated 13 November 2019 in respect of the First Arbitration Proceedings and the Claimant’s appeal against the decision of the Arbitrator dated 29 March 2013 in respect of the Second Arbitration Proceedings which was listed for joint hearing at the Madras High Court on 16 June 2022 was adjourned to 14 July 2022 at the request of the Claimant.

This announcement is dated 16 June 2022.



Announcement Info

Company Name PUNCAK NIAGA HOLDINGS BERHAD
Stock Name PUNCAK
Date Announced 16 Jun 2022
Category General Announcement for PLC
Reference Number GA1-16062022-00050


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