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ASTEEL's Subsidiary ASWK Launches Adjudication Against Dynaciate for RM7.7 Million in Unpaid Claims
Jun 16, 2025•about 1 year ago
Contract Type
contract
BintuluManufacturingConstruction
Description
ASTEEL Group Berhad's subsidiary, ASWK, has filed adjudication proceedings against Dynaciate Engineering for overdue claims amounting to RM7,723,949.77. This legal action is a result of three Sub-Contract Agreements related to the Sarawak Methanol Project. The company expects no material impact on its earnings from these proceedings.
Company Information
Company
ASTEEL Group Berhad
Location
Bintulu, Sarawak, Malaysia
About
ASTEEL Group Berhad is a company engaged in various construction-related activities. Its subsidiary, ASWK, focuses on specialized works including steel structure erection and equipment installation. The company is involved in projects such as the Sarawak Methanol Project. ASTEEL aims to resolve disputes to protect its contractual rights.
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BintuluManufacturingConstruction