March 13, 2020 / 10:50 AM / 15 days ago

BRIEF-Wct Holdings Updates On Final Award In Relation To Request For Arbitration

March 13 (Reuters) - WCT Holdings Bhd:

* UPDATES ON FINAL AWARD IN RELATION TO REQUEST FOR ARBITRATION BY TRANSGULF-POWER MECH JV

* ARBITRAL TRIBUNAL DISMISSED UNIT’S COUNTERCLAIM & FURTHER ORDERED AND AWARDED SUM OF 152.6 MILLION RGT IN FAVOR OF CLAIMANTS

* BOARD SEEKING FURTHER LEGAL ADVICE ON FINAL AWARD & WILL CONSIDER ALL FURTHER OPTIONS AVAILABLE INCLUDING CHALLENGING AWARD

* BOARD SEEKING FURTHER LEGAL ADVICE ON FINAL AWARD & WILL CONSIDER ALL FURTHER OPTIONS AVAILABLE INCLUDING CHALLENGING AWARD

* UPDATES ON FINAL AWARD IN RELATION TO REQUEST FOR ARBITRATION BY TRANSGULF-POWER MECH JV

* ARBITRAL TRIBUNAL DISMISSED UNIT'S COUNTERCLAIM & FURTHER ORDERED AND AWARDED SUM OF 152.6 MILLION RGT IN FAVOR OF CLAIMANTS Source text :bit.ly/38LDF0G Further company coverage: (Reuters.Briefs@thomsonreuters.com)

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