News
Notice of Arbitration dated 22 December 2016 pertaining to Memorandum of Agreement dated 13 April 2010 ("MOA") between Malaysia Airports Holdings Berhad ("MAHB") and HSS Integrated Sdn. Bhd. ("HSSI") for the Proposed Development of New LCC Terminal and Associated Works at KL International Airport, Sepang, Selangor Work Package EW02: Site Preparation, Earthworks and Main Drainage (Airside)
| Type | Announcement |
| Subject | OTHERS |
| Description |
HSS ENGINEERS BERHAD ("THE COMPANY") - Notice of Arbitration dated 22 December 2016 pertaining to Memorandum of Agreement dated 13 April 2010 ("MOA") between Malaysia Airports Holdings Berhad ("MAHB") and HSS Integrated Sdn. Bhd. ("HSSI") for the Proposed Development of New LCC Terminal and Associated Works at KL International Airport, Sepang, Selangor Work Package EW02: Site Preparation, Earthworks and Main Drainage (Airside) |
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"Unless otherwise stated, the terms used in this announcement shall carry the same meaning as defined in the Company's announcement dated 22 December 2016." Further to the announcement made by the Company on 22 December 2016, the Board of Directors of the Company wishes to further announce that: (i) The notice of arbitration is not expected to have any material impact on the financial and operational position of the Company. (ii) The sum claimed by MAHB amounts to RM64,617,267.17 as at May 2016 includes but not limited to losses and damages suffered by MAHB. MAHB further claims interest, costs and any other/ further relief that the arbitrator may deem fit and just. This announcement is dated 23 December 2016. |
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Announcement Info
| Company Name | HSS ENGINEERS BERHAD |
| Stock Name | HSSEB |
| Date Announced | 23 Dec 2016 |
| Category | General Announcement for PLC |
| Reference Number | GA1-23122016-00029 |