TSR Capital Berhad announced that its wholly-owned subsidiary, TSR Bina Sdn Bhd has provided updates in relation to its claim against Syarikat Pembenaan Yeoh Tiong Lay Sdn Bhd (“SPYTL”) in connection with the Sub-Contract Work for Civil Works for Electrified Double Track from Gemas to Johor Bahru.
The group in a filing said the Court of Appeal affirmed TSRB’s right to enforce an award in its favour amounting to RM1,106,503.46 being a portion of payment for Interim Payment Certificate No. 1 and Interim Payment Certificate No. 2 for the Sub-Contract Work, pursuant to the Construction Industry Payment and Adjudication Act 2012. The court had also further awarded TSRB with RM30,000.00 as the cost of appeal.
The group said it make the necessary announcements as and when there are further material developments in relation thereof.