George Kent commences arbitration against MRCB


  • Corporate News
  • Wednesday, 14 Aug 2019

In a filing with Bursa Malaysia, George Kent said the difference of opinion in the interpretation of certain provisions of the Shareholders’ Agreement (SHA) with regards to the options for securing of financing requirements for the JV.

PETALING JAYA: George Kent (Malaysia) Bhd has commenced arbitration proceedings against Malaysian Resources Corporation Bhd following their disagreement in the securing of financing for their joint venture (JV) company MRCB George Kent Sdn Bhd.

In a filing with Bursa Malaysia, George Kent said the difference of opinion in the interpretation of certain provisions of the Shareholders’ Agreement (SHA) with regards to the options for securing of financing requirements for the JV.

The 50/50 JV that was formed between George Kent Rail Sdn Bhd and MRCB Builders Sdn Bhd, was appointed as the project delivery partner for the LRT3 project.

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