Pestech To Face Proceedings For Claims By Chinese Vendor Of RM7.6 Million
Pestech To Face Proceedings For Claims By Chinese Vendor Of RM7.6 Million
PSB said it is disputing the amounts and reliefs claimed and will further be claiming for additional scope of works performed by PSB, amongst others, rectification works, repair works, liquidated damages and other ancillary works in the Projects which PSB will contend is due and payable by SPECO. 
Pestech International Berhad announce that its subsidiary company, Pestech Sdn. Bhd has received a notification from the Asian International Arbitration Centre that the arbitral proceedings between Shandong Power Equipment Co., Ltd against its subsidiary had commenced.
Pestech International Berhad 宣佈，其子公司 Pestech Sdn.Bhd已收到亞洲國際仲裁中心的通知，稱山東電力設備有限公司對其子公司的仲裁程序已經啓動。
The arbitration is with regards to the dispute between SPECO and PSB arising from purchase agreements entered between the two on various projects in Selangor, Sarawak and Kedah over sub stations transformers. The purchase agreements were for the design, engineering, design review, supply, manufacturing, full type and special testing, factory testing, packaging, and delivery of autotransformers and power transformers, as well as ancillary accessories supplied by SPECO to PSB.
該仲裁涉及SPECO和PsB之間的爭議，該糾紛源於兩者就雪蘭莪州、砂拉越州和吉打州有關變電站變壓器的多個項目簽訂的購買協議。購買協議涉及自耦變壓器和電力變壓器以及SPECO向PSb提供的輔助配件的設計、工程、設計審查、供應、製造、全型和特殊測試、工廠測試、包裝和交付。
SPECO is seeking for approximately RMB 7,545,410.27 in respect of the Lachau, Sibiyu and Junjung Project and USD 672,000.00 in respect of the Olak Lempit Project, being the total outstanding amounts allegedly due and owing to SPECO in addition to general damages, interest on any sums awarded by the Tribunal, arbitration costs, and other reliefs as the Tribunal deems appropriate.
SPECO要求就Lachau、Sibiyu和Junjung項目賠償約7,545,410.27元人民幣，爲Olak Lempit項目尋求672,000.00美元，這是據稱應付和應付給SPECO的總金額，此外還包括一般損害賠償、法庭裁定的任何款項的利息、仲裁費用和法庭認爲適當的其他救濟。
PSB said it is disputing the amounts and reliefs claimed and will further be claiming for additional scope of works performed by PSB, amongst others, rectification works, repair works, liquidated damages and other ancillary works in the Projects which PSB will contend is due and payable by SPECO.
PSb表示，它正在對索賠的金額和救濟提出異議，並將進一步要求PsB開展的額外工程範圍，其中包括項目中的整改工程、維修工程、違約賠償金和其他附屬工程，PSb將認爲這些工程應由SPECO支付。
The Company said it has appointed a legal firm to represent and assist in the Arbitration proceedings.
該公司表示，已指定一家律師事務所代表和協助仲裁程序。