Brief: Versalink Holdings Says On 22 Feb, Unit Received A Sealed Copy Of Writ And Statement Of Claim, Both Dated 18 Feb

Versalink Holdings

23/02/2022 15:24

Feb 23 (Reuters) - Versalink Holdings Ltd  VERS.SI :
    * ON 22 FEB, UNIT RECEIVED A SEALED COPY OF WRIT AND
STATEMENT OF
CLAIM, BOTH DATED 18 FEB
    * UNIT RECEIVED WRIT AND STATEMENT OF CLAIM FROM SOLICITORS
REPRESENTING AHMAD ZAKI SDN BHD
    * AHMAD ZAKI SDN BHD HAS ALLEGED THAT UNIT HAS BREACHED
TERMS OF
SUB-CONTRACTS
    * AZSB CLAIMS THAT IT IS ENTITLED TO DEDUCT AGGREGATE SUM OF
2.7
MILLION RGT BEING TOTAL LOSSES FROM SUM PAYABLE TO UNIT UNDER
SUBCONTRACT
    * UNIT WILL VIGOROUSLY DEFEND AGAINST AZSB'S CLAIMS AND IS
CURRENTLY IN MIDST OF PREPARING ITS COUNTERCLAIM TO CLAIM
AGAINST AZSB

Source text for Eikon:  ID:nSNwdXyK 
Further company coverage:  VERS.SI 

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