According to THHE in a filing with Bursa Malaysia, CISB also claims payment from THHE for the amount outstanding under the Kinabalu and Permas hook-up and commissioning projects.
KUALA LUMPUR: TH Heavy Engineering Bhd (THHE) has received a notice of arbitration from Coral Intoil Sdn Bhd (CISB) over claims that it had failed to provide the required funding to a joint venture (JV) company set up to bid for and undertake hook-up and commissioning jobs.
According to THHE in a filing with Bursa Malaysia, CISB also claims payment from THHE for the amount outstanding under the Kinabalu and Permas hook-up and commissioning projects.
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