MATERIAL LITIGATION Adjudication Decision for Adjudication Proceeding [Ref. No.: AIAC/D/ADJ-5117-2023] pursuant to Construction Industry Payment and Adjudication Act 2012 ("CIPAA 2012") against Jonah Bina Sdn. Bhd. ("Jonah") by Proventus Bina Sdn. Bhd. ("Proventus")
| CENTRAL GLOBAL BERHAD |
| Type | Announcement |
| Subject | MATERIAL LITIGATION |
| Description | Adjudication Decision for Adjudication Proceeding [Ref. No.: AIAC/D/ADJ-5117-2023] pursuant to Construction Industry Payment and Adjudication Act 2012 ("CIPAA 2012") against Jonah Bina Sdn. Bhd. ("Jonah") by Proventus Bina Sdn. Bhd. ("Proventus") |
|
Reference is made to the announcement dated 20 November 2023 in relation to the Commencement of Adjudication Proceeding pursuant to the Construction Industry Payment and Adjudication Act 2012 by Proventus against Jonah (“Announcement”). Unless otherwise stated, the definitions and terms used herein shall have the same meaning as defined in the Announcement.
The Board of Directors of Central Global Berhad ("CGB" or "Company") wishes to announce that Proventus had on 1 April 2024 received the adjudication decision dated 1 April 2024 (“Adjudication Decision”) from the Adjudicator who had decided in favour of Proventus.
The Company will make the necessary announcements on further developments on the matter (if any) in due course.
This announcement is dated 1 April 2024.
|
|
Announcement Info
| Company Name | CENTRAL GLOBAL BERHAD |
| Stock Name | CGB |
| Date Announced | 01 Apr 2024 |
| Category | General Announcement for PLC |
| Reference Number | GA1-01042024-00083 |