Announcements

Date : 28 February 2018

OTHERS NOTICE OF ADJUDICATION PURSUANT TO SECTION 8 OF THE CONSTRUCTION INDUSTRY PAYMENT & ADJUDICATION ACT 2012 SERVED ON A SUBSIDIARY

PROTASCO BERHAD

Type Announcement
Subject OTHERS
Description
NOTICE OF ADJUDICATION PURSUANT TO SECTION 8 OF THE CONSTRUCTION INDUSTRY PAYMENT & ADJUDICATION ACT 2012 SERVED ON A SUBSIDIARY

Protasco Berhad wishes to announce that its wholly owned subsidiary, HCM Engineering Sdn Bhd (“HCM”) had on 27 February 2018, received Notice of Adjudication dated 20 February 2018 (“Notice”) pursuant to Section 8 of the Construction Industry Payment Adjudication Act 2012, served by Kuasatek (M) Sdn Bhd, a sub-contractor of HCM, for the sum of RM3,270,635.20.

HCM has engaged a firm of solicitors to respond and resist the Notice which HCM contend is without merit.






Announcement Info

Company Name PROTASCO BERHAD
Stock Name PRTASCO
Date Announced 28 Feb 2018
Category General Announcement for PLC
Reference Number GA1-28022018-00134



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