Advancecon Sues China Communications Construction Unit Over Alleged Unpaid Project

MT Newswires Live
06/20

Shares of Advancecon (KLSE:ADVCON) closed 2% higher on Friday after its unit, Advancecon Infra, sued a subsidiary of China Communications Construction (HKG:1800, SHA:601800) for 10.2 million ringgit in alleged outstanding payments.

The payments are for completed works on the East Coast Rail Link Section 6 project, according to a Thursday Malaysian bourse filing.

Advancecon said its unit fulfilled all contractual obligations, but China Communications Construction failed to certify and remit the due amount.

The company does not expect a material financial or operational impact, it said.

免責聲明:投資有風險,本文並非投資建議,以上內容不應被視為任何金融產品的購買或出售要約、建議或邀請,作者或其他用戶的任何相關討論、評論或帖子也不應被視為此類內容。本文僅供一般參考,不考慮您的個人投資目標、財務狀況或需求。TTM對信息的準確性和完整性不承擔任何責任或保證,投資者應自行研究並在投資前尋求專業建議。

熱議股票

  1. 1
     
     
     
     
  2. 2
     
     
     
     
  3. 3
     
     
     
     
  4. 4
     
     
     
     
  5. 5
     
     
     
     
  6. 6
     
     
     
     
  7. 7
     
     
     
     
  8. 8
     
     
     
     
  9. 9
     
     
     
     
  10. 10