General announcement
OTHERS
NOTICE OF ADJUDICATION UNDER SECTION 8 OF THE CONSTRUCTION INDUSTRY PAYMENT & ADJUDICATION ACT 2012 SERVED ON A SUBSIDIARY
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Reference is made to the Company’s announcement on 31 October 2018.
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The Company wishes to update that HCM Engineering Sdn Bhd (“HCM”), a subsidiary of the Company has filed a notice of application for stay of execution of the Order dated 3 October 2018 by the High Court of Malaya at Kuala Lumpur, allowing the Originating Summons filed by the Respondent, Kuasatek (M) Sdn Bhd to enforce the Adjudication Decision dated 4 July 2018.
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The said notice of application for stay of execution is fixed for hearing on 30 November 2018.
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GA1-15112018-00050