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OXLEY Karya Indo Batam (OKIB), a joint-venture vehicle linked to Rich Capital, has received a notice of default from the main contractor of the Oxley Convention Centre development project in Batam, Indonesia.
The contractor, Rich-Link Konstruksi (RLK), is alleging that OKIB breached contract terms by not making payments for the project amid certified progress payments of 32.7 billion rupiah (S$3.2 million), Rich Capital said in a bourse filing on Wednesday.
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