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Termination Of Contract For Design, Supply, Installation, Testing And Commissioning Of Automated People Mover And Associated Works At KL International Airport Including Financing, Operation & Maintenance

BackAug 16, 2023
Type Announcement
Subject OTHERS
Description MALAYSIA AIRPORTS HOLDINGS BERHAD (MAHB OR THE COMPANY) - Termination of Contract for Design, Supply, Installation, Testing and Commissioning of Automated People Mover and Associated Works at KL International Airport including Financing, Operation & Maintenance

 

Reference is made to the contract for “Design, Supply, Installation, Testing and Commissioning of Automated People Mover (“APM”) and Associated Works at KL International Airport, including Financing, Operation & Maintenance” (“the Contract”) which was awarded by Malaysia Airports (Sepang) Sdn Bhd (“MA Sepang”), a wholly owned subsidiary of Malaysia Airports Holdings Berhad (“MAHB” or “the Company”), to PESTECH Technology Sdn Bhd (“PTSB”) on 14 December 2021.

 

The Board of Directors of MAHB (“Board”) wishes to announce that MA Sepang had, on 16 August 2023, issued a Notice of Termination to PTSB to terminate the Contract (“Termination”) due to various material breaches by PTSB and its failure to remedy the same within a specific timeframe.

 

Please refer to Attachment A (for additional information) and the Media Release.

 

This announcement is dated 16 August 2023.

 

Please refer attachment below.


Announcement Info

Company Name MALAYSIA AIRPORTS HOLDINGS BERHAD
Stock Name AIRPORT
Date Announced 16 Aug 2023
Category General Announcement for PLC
Reference Number GA1-15082023-00022

Attachments

  1. MAHB_Bursa_Announcement__Additional_Information.pdf (Size: 96,611 bytes)
  2. MAHB_Media_Release.Final.pdf (Size: 200,245 bytes)