Section Heading

Section Heading

Section Heading

Notice Of Arbitration Filed By Malaysia Airports Holdings Berhad ("MAHB") Against Segi Astana Sdn Bhd ("SASB") And Wct Berhad ("WCT")

BackSep 02, 2021
Type Announcement
Subject OTHERS
Description

NOTICE OF ARBITRATION FILED BY MALAYSIA AIRPORTS HOLDINGS BERHAD ("MAHB")AGAINST SEGI ASTANA SDN BHD ("SASB") AND WCT BERHAD ("WCT")

Reference is made to the announcement on 2 April 2021 in relation to the arbitration award by the Tribunal to Malaysia Airports Holdings Berhad ("MAHB") on the notice of arbitration filed by MAHB against Segi Astana Sdn Bhd ("SASB") and WCT Berhad ("WCT").

 

MAHB filed in its application to recognise and enforce the Final Award by entry as a judgment in terms of the award. SASB filed in their application to set aside the Final Award. The Court heard both applications together. MAHB wishes to announce that on 1 September 2021, the High Court dismissed SASB’s Setting Aside appeal with costs and MAHB was successful in having the Tribunal’s award entered as a judgment in terms of the award.

 

This announcement is dated 2 September 2021.


Announcement Info

Company Name MALAYSIA AIRPORTS HOLDINGS BERHAD
Stock Name AIRPORT
Date Announced 02 Sep 2021
Category General Announcement for PLC
Reference Number GA1-02092021-00043