05 September 2002
Type | Announcement |
Subject | ANNOUNCEMENT ON STATUS OF CONTRACTUAL DISPUTE BETWEEN TELEKOM MALAYSIA AND MEPS JV |
Differences had arose between MEPS JV and TM which, amongst others include the completion of outstanding works, remedying of defects, retention of the cash performance guarantee, the deduction of liquidated damages for delay and the certification and payment of the retention money. This dispute has been referred to Jabatan Kerja Raja ("JKR") of which a decision was made on 27 June 2002. TM is currently in the process of appealing to JKR over the said decision.
To further protect TM's interest on the above matter, TM has filed an appeal for review of the decision by JKR in the High Court. The Court has yet to fix the hearing date for the said application.
Company Name | TELEKOM MALAYSIA BERHAD |
Stock Name | TELEKOM |
Date Announced | 5 Sept 2002 |
Category | General Announcement |
Reference No | TM-020822-36616 |