Pestech hit by arbitration claim over RM7.7m worth of alleged unpaid dues
Pestech is disputing the claimed amounts.
Pestech is disputing the claimed amounts.
Aizo said the project in Jalan Pantai Dalam includes a 37-storey tower with 440 residential units, a 38-storey tower with 452 units, and a 37-storey tower with 440 units.
In a bourse filing on Tuesday, SEB said the counterclaim was filed by CN Eleco Engineering Sdn Bhd in a follow-up to the original suit filed by MIE Industrial Sdn Bhd, a majority shareholder of SEB with a 69.
Hartanah Kenyalang is involved in construction services targeting institutional buildings such as schools and other public buildings, as well as infrastructure focusing on bridges and roads.
In a bourse filing, KTI said the sub-contract was awarded to Jawat Johan Sdn Bhd, and its tenure is 14 months, starting from Nov 25.
The counter opened at RM1 and at one point rose as much as 48.
Jessica said venturing into the peninsular is not on the table due to a saturated market, which is currently dominated by “big players”.
The development, to span seven years from end-2024, will see the construction of 338 affordable housing units, 1,680 residential units, service apartments, as well as retail shops and offices.
“We want to assure all stakeholders that we have adhered strictly to all health and safety standards and protocols throughout the construction process,” Tee said.
Demand from the public exceeded the available shares for subscription by some 23 times.