According to a Bursa Malaysia filing, MAHB is disputing and challenging the claims by Segi Astana, having appointed a law firm in Malaysia to represent and assist the group in the arbitration proceedings.
PETALING JAYA: Malaysia Airports Holdings Bhd
’s (MAHB) share price dipped 4.7% to RM7.33, following an arbitration notice served by Segi Astana Sdn Bhd, claiming RM70mil against MAHB for the alleged losses and damages pertaining to the delay in commencement of operations of KLIA-2 Integrated Complex.
MIDF Research, in a recent report on MAHB, said the impact of the claims by Segi Astana, if successful, would be immaterial to MAHB’s financial position.
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