Arthaland Corp : Signed an agreement with China Railway Dongfang Group and Knusford Bhd worth US$166.0 million for engineering, procurement and construction services .China Railway Dongfang Group And Knusford will form a joint venture company in the philippines to execute the EPC contract.
Knusford Bhd : Unit had served notice on Kinsteel and Kin Kee Marketing Sdn on 25 november 2016 for failing to deliver steel bars . Obligation to deliver steel bars forms part of the consent judgment entered into between kmksb, kinsteel and kin kee on 5 september 2016 . Kinsteel and Kin Kee are to pay a total sum of 2 million rgt . Board is of opinion that claim will not have any material adverse financial or operational impact given that agreement was carried out with KMKSB’s customer Source (http://bit.ly/2gogeDx) Further company coverage: [KNUS.KL] ((Bangalore.email@example.com;)).