Kejuruteraan Asastera resolves disputes over Kuching hotel, Thailand projects
PETALING JAYA:
Electrical and mechanical engineering services provider Kejuruteraan Asastera Bhd (KAB) said it has resolved the disputes concerning the Pullman Hotel project in Kuching and the Robinson Rama 9 and Robinson Prachinburi projects in Thailand.
KAB together with KAB Technologies Sdn Bhd (KABT), KAB managing director Datuk Lai Keng Onn and Jonathan Wu Jo-Han, have entered into a global settlement agreement with ICEE parties, comprising of ICEE International Sdn Bhd, ICEE Energy Services Sdn Bhd and Prabodh Kumar Kantilal.
The settlement agreement indicates two agreed courses of action with regard to the claims by KAB’s wholly owned subsidiary KABT and Lai (main claims) and the counterclaims filed by the ICEE Parties, respectively.
KUALA LUMPUR: Kejuruteraan Asastera Bhd (KAB) has resolved the dispute with ICEE International Sdn Bhd over the Pullman project in Kuching and two other projects in Thailand.
KAB said in a statement on Monday KAB Technologies Sdn Bhd (KABT), Datuk Lai Keng Onn and Jonathan Wu Jo-Han had entered into a global settlement agreement with ICEE International Sdn Bhd, ICEE Energy Services Sdn Bhd and Prabodh Kumar A/L Kantilal.
The electrical and mechanical engineering services provider said the settlement indicated two agreed courses of action with regard to the claims by KABT and Lai – which are the main claims and the counterclaims filed by the ICEE parties respectively.