Latest news with #ConstructionIndustryPaymentandAdjudicationAct2012
BusinessToday
06-08-2025
- Business
- BusinessToday
Advancecon Unit Files RM10.17 Million Adjudication Claim Against CCC ECRL
Advancecon Holdings Berhad has announced a new development in its ongoing material litigation, with its wholly-owned subsidiary, Advancecon Infra Sdn Bhd , filing an adjudication claim of RM10.17 million against China Communications Construction (ECRL) Sdn Bhd. The Adjudication Claim was formally issued and served to CCC on August 5, 2025, under the Construction Industry Payment and Adjudication Act 2012 According to the company, a decision from the adjudicator is expected within the statutory timeframe of 45 working days from the close of pleadings. Advancecon has stated that it will provide further updates on any significant developments regarding the proceedings as they occur.
Malaysian Reserve
16-06-2025
- Business
- Malaysian Reserve
Asteel's unit initiates RM7.72m adjudication against Dynaciate Engineering
ASTEEL Group Bhd's wholly owned subsidiary, Asteel (Sarawak) Sdn Bhd (ASWK), has commenced adjudication proceedings against Dynaciate Engineering Sdn Bhd under the Construction Industry Payment and Adjudication Act 2012 (CIPAA), seeking RM7.72 million in outstanding claims and overdue interest. The dispute arises from several sub-contract agreements dated March 14, June 14, and December 1, 2022, under which Dynaciate had engaged ASWK to carry out steel structure erection, equipment and AG piping erection, and roofing and cladding installation works for the Sarawak Methanol Project in Bintulu, Sarawak. Asteel said the legal proceedings were initiated to preserve ASWK's contractual rights and are not expected to have any material impact on the group's earnings, net assets, gearing, or operations for the financial year ending December 31, 2025. No directors, major shareholders, or persons connected with them have any interest in the legal matter. — TMR
