S P Setia Demanding RM69.5 Million From Putrajaya Holdings
S P Setia Demanding RM69.5 Million From Putrajaya Holdings
S P Setia announce that SPD, a wholly-owned subsidiary of Setia Putrajaya Sdn Bhd, which in turn is a 60% joint venture company of S P Setia had issued a Notice of Arbitration against Putrajaya Holdings.
小单宣布，S P Setia的60%合资公司Setia Putrajaya Sdn Bhd的全资子公司SPD已向布城控股发出仲裁通知。
The notice is based on the agreement both parties entered in 18 December 2002, where SPD entered into a Development Agreement with PJH to which SPD was granted development rights over certain lands in Putrajaya where it had paid.
该通知是基于双方于2002年12月18日达成协议， SPD与PJH签订了一项开发协议，SPD在此开发协议中获得了有偿授权，以在Putrajaya的某些土地上拥有开发权。
However the developer asserted that by reason of the breach of the agreement by PJH, SPD has suffered damage and losses.
但开发商声称由于PJH违反了协议，SPD遭受了损失和损失。
SPD is seeking RM69.5 million being damages for breach of contract and / or misrepresentation and general damages.
SPD正在寻求6950万令吉的违约损害赔偿和/或虚假陈述和一般损害赔偿。