Section Heading
Section Heading
Others
Type | Announcement |
Subject | OTHERS |
Description |
THIRD PARTY NOTICE FROM EXPRESS RAIL LINK SDN BHD (ERL) SERVED ON MALAYSIA AIRPORTS HOLDINGS BERHAD (MAHB) AND MALAYSIA AIRPORTS (SEPANG) SDN BHD (MA SEPANG) PURSUANT TO ORDER 16 RULE 1(2) OF THE RULES OF COURT 2012 |
Malaysia Airports Holdings Berhad (“the Company”) wishes to announce that the Company and its wholly owned subsidiary Malaysia Airports (Sepang) Sdn. Bhd. (“MA Sepang”) has, on 21 September 2016 received a Third Party Notice dated 9 September 2016 (“Notice”) from Express Rail Link Sdn. Bhd. (“ERL”) to, inter alia, wholly indemnify ERL against a claim by Segi Astana Sdn. Bhd. for the sum of RM5,407,821.80 and further and continuing damages from 9 September 2016 until the date of vacant possession of Premises or until such date as deemed appropriate by Court for all losses and damages in the Civil Suit No.: WA-22NCVC-476-07/2016,
The Company and MA Sepang have instructed their solicitors to represent both the Company and MA Sepang in the legal action. Any further updates in respect of any material development will be made from time to time.
The Company and MA Sepang are taking all necessary measures to resist the legal action and are confident in resisting the legal action.
ERL’s claims are not expected to have a material impact on the earnings and the net assets of the Company and MA Sepang for the financial year ending 31 December 2016.
This announcement is dated 21 September 2016 |
Announcement Info
Company Name | MALAYSIA AIRPORTS HOLDINGS BERHAD |
Stock Name | AIRPORT |
Date Announced | 21 Sep 2016 |
Category | General Announcement for PLC |
Reference Number | GA1-21092016-00070 |