RM3.2m lawsuit against Eversendai O&G withdrawn

PETALING JAYA: Eversendai Corp Bhd’s subsidiary Eversendai Oil and Gas (M) Sdn Bhd announced that the RM3.20 million lawsuit filed against it by Translift Sdn Bhd has been withdrawn and the two parties have mutually agreed to resort to arbitration instead.
The group’s board of director said in a filing with the stock exchange that, the suit filed in the Shah Alam High Court has been withdrawn by Translift on December 14, which also happened to be the date fixed for case management.
In a previous filing dated November 23, Eversendai Oil and Gas said it had received a writ of summons and statement of claim in relation to various works related to the Terengganu Gas Terminal project’s Package A.
Eversendai's shares fell 2.22% to close at 88 sen with some 1.90 million shares done.