Ahmad Zaki Resources Unit Faces MYR2 Million Winding-Up Petitions

MT Newswires Live07-14 12:22

Ahmad Zaki Resources (KLSE:AZRB) unit Ahmad Zaki has been served with two winding-up petitions by Tenaga Nirwana, and Muhibbah Engineering (M), involving combined claims of about 1.8 million ringgit.

The Tenaga Nirwana petition seeks 1.5 million ringgit for works on the Kuantan Flyover, East Klang Valley Expressway (EKVE) and MRT V6 projects, while the Muhibbah Engineering petition claims 319,901.9 ringgit for works on the MRT2 Sungai Buloh-Serdang-Putrajaya (SSP) V202 project.

Ahmad Zaki is in discussions with both petitioners to reach an amicable settlement and does not expect the petitions to have a significant financial or operational impact.

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