Brief: Soilbuild Construction Unit Will Pursue Legal Proceedings Against Subcontractor If Required
May 25 (Reuters) - Soilbuild Construction SOIL.SI :
* SOIL-BUILD (PTE) LTD WILL PURSUE FURTHER LEGAL PROCEEDINGS
AGAINST SUBCONTRACTOR IF REQUIRED
* UPDATE IN RELATION TO RECEIPT OF NOTICE OF ADJUDICATION
APPLICATION BY COMPANY'S UNIT
* COURT HAS DISMISSED APPLICATION AND ORDERED RELEASE OF
UNPAID
ADJUDICATED AMOUNT TO SUBCONTRACTOR
* ADJUDICATION DETERMINATION WILL NOT HAVE A MATERIAL IMPACT
ON
FINANCIAL POSITION OF GROUP FOR 2023
Source text for Eikon: ID:nSNRX0nr
Further company coverage: SOIL.SI
((Reuters.Briefs@thomsonreuters.com;))
Recent news on Soilbuild Construction
See all newsBrief: Soilbuild Construction's Unit To Pay Subcontractor Sum S$5.2 Million, Others
Brief: Soilbuild Construction Gets New Contracts With Aggregate Value Of S$158 Million
Brief: Soilbuild Construction Explores Potential Listing Of Its Precast & Prefabrication Business
Brief: Soilbuild Construction Logs H1 Net Income SGD 28.3 Mln
Brief: Soilbuild Construction Secures Contracts Of Aggregate Value Of S$178.6 Million