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Astaka unit receives letters of demand for RM125.3m owed to contractor
Published Thu, Sep 5, 2019 · 09:50 PM
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Singapore
CATALIST-LISTED property developer Astaka's wholly owned indirect subsidiary, Astaka Padu Sdn Bhd (APSB), owes a late payment of RM125.3 million (S$41.3 million) plus interest to a construction firm it hired in August 2015.
Solicitors representing the creditor, China State Construction Engineering (M) Sdn Bhd (CSCE), had sent three lette…
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