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.
MAHB said it has entered into an agreement with Alstom and the IJMC-Pestech joint venture (JV) to steer the aerotrain replacement project back on track.
A fortnight ago, IJM emerged as the largest shareholder of Pestech after subscribing for 800 million shares or a 44.
IJM adds that the combined capabilities of the two groups as civil and systems contractors enable the offering of more comprehensive and turnkey solutions for local and international rail project bids.
Pestech added that during this two-year extension period, PTech received no loss or expense payments for the contract prolongation.
Under the MOU, the two companies would cooperate to complete the feasibility studies, and formulate the licence and approval strategy, while embedding the requirements of clean energy-generation.
KUALA LUMPUR (Oct 20): Pestech International Bhd has entered into a memorandum of understanding (MoU) with Gartena Holdings Ltd to explore the opportunity to cooperate in proposing and developing Waste-2-Energy solutions in the ASEAN region.
KUALA LUMPUR (Nov 12): Pestech International Bhd has bagged a RM38.
KUALA LUMPUR (March 16): Pestech International Bhd has inked a Memorandum of Understanding (MoU) with a Japanese renewable energy power plant developer for a potential joint investment in the bidding for the Large Scale Solar Photovoltaic Plants for Peninsula Malaysia (LSS 3 Project) According to a bourse filing, the group’s wholly-owned subsidiary Pestech Power Sdn Bhd (PPW) inked the MoU with Japanese outfit RS Renewable KK (RSRKK), which is effective yesterday until legally binding contracts have been executed.