KPS Consortium claims RM59.7m damages over alleged breach of contract in Rawang

KPS Consortium claims RM59.7m damages over alleged breach of contract in Rawang

The Edge Markets - Malaysia·2019-11-23 00:03

KUALA LUMPUR (Nov 22): KPS Consortium Bhd is suing property developer Nautical Wealth Sdn Bhd and two individuals for an alleged breach of the development agreement (DA) for a project in Rawang. The group is claiming up to RM59.7 million in damages.

In a filing with the stock exchange today, KPS Vonsortium said the project, known as 928 Corporate Park @ Rawang, comprises 54 units of factories to be built. The DA was signed in April 2015.

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