Brief: Boustead Projects Says On 16 June Boustead Projects E&C Pte Was Served Notice Of Arbitration

Boustead Projects

27/06/2023 11:30

June 27 (Reuters) - Boustead Projects Ltd  BOUS.SI :
    * ON 16 JUNE BOUSTEAD PROJECTS E&C PTE WAS SERVED WITH A
NOTICE OF
ARBITRATION
    * BOUSTEAD PROJECTS E&C PTE SERVED WITH A NOTICE OF
ARBITRATION BY
LIQUIDATOR OF TECHNICS STEEL PTE
    * NOTICE OF ARBITRATION BY LIQUIDATOR OF TECHNICS STEEL PTE
    * TECHNICS IS CLAIMING FOR PAYMENT OF AROUND S$0.83 MILLION
FOR
WORK DONE UNDER SUB-CONTRACT UNDER ARBITRATION
    * TECHNICS CLAIMING FOR DAMAGES OF AROUND S$0.68 MILLION IN
FORM
OF PROLONGATION COSTS INCURRED BY TECHNICS
    * COMPANY INTENDS TO VIGOROUSLY DEFEND CLAIM

Source text for Eikon:  ID:nSN4P14BS 
Further company coverage:  BOUS.SI 

 ((Reuters.Briefs@thomsonreuters.com;))