PETALING JAYA: Benalec Holdings Bhd
’s agreement for the planned reclamation works at its Tanjung Piai petroleum hub and industrial park in the Straits of Johor has lapsed and it does not intend to pursue the matter any further.
According to a filing with Bursa Malaysia, the term sheet for the reclamation works expired yesterday and the parties involved in the initial agreement have decided that they will not finalise the terms and conditions nor extend the validity of the term sheet.
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