Puncak Niaga to only pay RM5.91m out of RM15.72m claimed in dispute

Puncak Niaga to only pay RM5.91m out of RM15.72m claimed in dispute

(March 15): Puncak Niaga Holdings Bhd’s wholly-owned subsidiary Puncak Niaga Construction Sdn Bhd (PNC) has successfully defended a substantial portion of claims by its previous subcontractor Genbina Sdn Bhd in a legal dispute.

In a filing today, Puncak Niga said PNC is only required to pay Genbina RM5.91 million out of a principal claim sum of RM15.72 million following arbitration.

The claim is in relation to a sewerage pipe construction project in Kuala Lumpur.

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Source: The Edge Markets







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