Brief: Aspen Unit On Nov 2 Started Arbitration Proceedings Against Multi Purpose Metal Tech

Aspen (Group) Holdings

03/11/2022 14:08

Nov 3 (Reuters) - Aspen (Group) Holdings Ltd  ASPE.SI :
    * UNIT ON NOV 2 COMMENCED ARBITRATION PROCEEDINGS AGAINST
MULTI
PURPOSE METAL TECH
    * FILED APPLICATION TO STAY WINDING UP PETITION BEFORE SHAH
ALAM
HIGH COURT
    * PROCEEDINGS TO CHALLENGE MPMT'S CLAIM FOR LOSSES & DAMAGES
SUSTAINED BY UNIT AS A RESULT OF INCOMPLETE WORK UNDERTAKEN BY
MPMT
    * UNDER CLAIMS  UNIT ESTIMATES TO BE IN AMOUNT OF 448.9
MILLION
RGT

Source text for Eikon:  ID:nSN1zbJPW 
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