Acesian Star, Takenaka proceeding for arbitration over T4 dispute

Singapore

ACESIAN Star - a wholly-owned subsidiary of Catalist-listed Acesian Partners - and Japanese firm Takenaka Corp are proceeding for arbitration over a long-drawn out payment dispute relating to Changi Airport's Terminal 4.

Meanwhile, a writ of summons has been filed in the High Court by judicial manager KordaMentha and Acesian Star against Acesian Partners, Acesian Engineering, Active Building Technologies (ABT) and four employees, relating to certain payments that were made to the companies.