MALAYSIAN AE Models Holdings Bhd (Maemode) could very well be the first major public-listed company that’s been hurt the most as a result of the delay in the opening of the KLIA2.
Tasked with an RM62mil sub-contract to build the baggage handling and sortation system for the proposed airport, it has now become financially-distressed and has fallen into the PN17 category even as the blame game for the delay continues to play out.
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