LCL gets RM5.25m refund from Arabtec
KUALA LUMPUR : LCL Corp Bhd will receive a refund of 5.44 million dirham (RM5.25 million) from Arabtec Construction LLC following the resolution of a payment dispute over the Tiara United Tower in Dubai. LCL, a Malaysian interior fit-out, told Bursa Malaysia on June 23 that both parties had resolved the final account for the project. Under the resolution, LCL would receive the RM5.25 million from Arabtec, the main contractor for Tiara United Tower , and thereby cease the civil suit against Arabtec. Arabtec had made a partial claim on the advanced payment received by LCL unit LCL Interiors ...
Source: theedgemarkets.com