Material Litigation

Back Oct 30, 2024
Type Announcement
Subject MATERIAL LITIGATION
Description CYPARK RESOURCES BERHAD ANNOUNCES SETTLEMENT AGREEMENT WITH KNM PROCESS SYSTEMS SDN. BHD.
The Board of Directors of the Company is pleased to announce that Cypark Sdn. Bhd., a wholly-owned subsidiary of the Company, and KNM Process Systems Sdn. Bhd. have agreed to a full and final settlement of all existing and potential disputes between them in respect of the Engineering, Procurement, Construction and Commissioning ("EPCC") Works for the Solid Waste Modular Advanced Recovery and Treatment Systems Waste Management Solutions (incorporating Waste-to Energy Systems) ("SMART WTE Systems") project at Ladang Tanah Merah, Negeri Sembilan, Malaysia.

Please refer to the attachment for further details.

This announcement is dated 30 October 2024.

Please refer attachment below.

Announcement Info

Company Name CYPARK RESOURCES BERHAD
Stock Name CYPARK
Date Announced 30 Oct 2024
Category General Announcement for PLC
Reference Number GA1-30102024-00046

Attachments

  1. Press_Release_-_CYPARK_RESOURCES_BERHAD_ANNOUNCES_SETTLEMENT_AGREEMENT_WITH_KNM_PROCESS_SYSTEMS_SDN._BHD._20241030.pdf (Size: 84,668 bytes)