Reference is made to the announcements made by the Company on 13 August 2019, 16 August 2019 and 26 August 2019 (collectively “Announcements”). Unless stated otherwise, definitions used in this announcement shall carry the same meanings as defined in the Announcements. 

The Company wishes to inform that PBJV has, through its firm of advocates and solicitors, M/s Ram Reza & Muhammad, commenced a legal proceeding by filing a Writ of Summons on 12 September 2019 in the Kuala Lumpur High Court against PRPC. Macfeam Sdn Bhd has also been named as the Second Plaintiff in the said legal action.

PBJV has pleaded five main claims in its Statement of Claim against PRPC and each claim is based on a breach of different Articles and/or terms of the contract. The general order and contents of the claims are as follows;-

(1) The amount of RM6,579,806.74 being the amount certified and/or verified by the authourised representatives of PRPC since November 2017, for Progress Claim No. 9 and which PRPC has failed to pay within thirty days since the issuance of PBJV invoice dated 11 November 2017.

(2) The amount of RM23,144,529.02 being the amount of Progress Claim No. 10 which PRPC has failed and/or refused to process in accordance with the terms of the Articles.

(3) The amount of RM4,557,400.00 being the amount due for work done under various variation instructions which PRPC has refused to process.

(4) An amount RM8,414,802.80 being the amount of the performance bond wrongfully demanded by PRPC.

(5) A declaration that the alleged notice of discontinuance dated 30 March 2018 is null and void.

PBJV further has included general damages and other reliefs which the Court may view as just and fair to be granted at the end of the proceeding. PBJV further pleads that due to certain notable inconsistencies in Part III of the Conditions of Contract and its interpretations, recourse to court process appears to be an available option. The Writ of Summons is now pending extraction in Court.

This announcement is dated 13 September 2019.