MATERIAL LITIGATION PUNCAK NIAGA HOLDINGS BERHAD (416087-U) ("PUNCAK" OR THE "COMPANY") UPDATE ON GENBINA SDN BHD'S NOTICES OF ARBITRATION AND NOTICES OF ARBITRATION ISSUED BY THE COMPANY'S WHOLLY-OWNED SUBSIDIARY, PUNCAK NIAGA CONSTRUCTION SDN BHD ("PNCSB")
| PUNCAK NIAGA HOLDINGS BERHAD |
| Type | Announcement |
| Subject | MATERIAL LITIGATION |
| Description | PUNCAK NIAGA HOLDINGS BERHAD (416087-U) ("PUNCAK" OR THE "COMPANY")
UPDATE ON GENBINA SDN BHD'S NOTICES OF ARBITRATION AND NOTICES OF ARBITRATION ISSUED BY THE COMPANY'S WHOLLY-OWNED SUBSIDIARY, PUNCAK NIAGA CONSTRUCTION SDN BHD ("PNCSB") |
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Reference is made to the Company's announcements dated 20 June 2016, 20 July 2016, 6 July 2017, 18 February 2021, 20 May 2021, 15 December 2021, 24 December 2021, 27 December 2021, 18 March 2022 and 21 December 2022 in relation to the two (2) separate arbitrations initiated by Genbina Sdn Bhd and the three (3) separate arbitrations initiated by PNCSB which have been consolidated into a single arbitration proceeding. Puncak wishes to announce to the Exchange that the Arbitral Tribunal has vacated the hearing dates previously fixed on 30 and 31 January 2023 for the arbitration proceeding. The hearing dates previously fixed on 2 February 2023 to 3 February 2023, 16 October 2023 to 20 October 2023 and 30 October 2023 to 3 November 2023 are maintained. This announcement is dated 18 January 2023.
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Announcement Info
| Company Name | PUNCAK NIAGA HOLDINGS BERHAD |
| Stock Name | PUNCAK |
| Date Announced | 18 Jan 2023 |
| Category | General Announcement for PLC |
| Reference Number | GA1-18012023-00024 |