Money
Unit of HSS engineers receives notice of termination for MRT line 3 contract
Guess how many shopping malls you can reach in the Klang Valley using Malaysiau00e2u20acu2122s first MRT line? u00e2u20acu201d Picture by Yusof Mat Isa

KUALA LUMPUR, June 7 — HSS Engineers Bhd’s associate, HSS Integrated Sdn Bhd (HSSI), today received a 30-day written notice from Mass Rapid Transit Corporation Sdn Bhd, terminating the Klang Valley Mass Rapid Transit Line 3 Circle Line contract.

In a filing to Bursa Malaysia, HSS Engineers said this followed the government’s decision not to proceed with the project.

Advertising
Advertising

"The decision is not expected to have any significant impact on the operations and financials of the company and its group, given that only preliminary works have commenced thus far, and which will be compensated for in accordance with the terms and conditions of the contract,” it added. — Bernama

Related Articles

 

You May Also Like