Rich Capital gets legal demand from partner over Batam project
Karya Indo Batam wants full control of joint venture property development in Batam and S$20 million in compensation
Singapore
RICH Capital Holdings has received two legal letters from an Indonesian law firm appointed by Karya Indo Batam (KIB) demanding full control of a joint venture property development in Batam and compensation of S$20 million.
KIB had partnered with an indirect subsidiary of Rich Capital, Oxley Batam Pte Ltd, to form an equal joint venture company, Oxley Karya Indo Batam (OKIB), to undertake t…
BT is now on Telegram!
For daily updates on weekdays and specially selected content for the weekend. Subscribe to t.me/BizTimes
Companies & Markets
Mattel posts narrower loss, thanks to Hot Wheels growth and lower costs
Tesla to cut more than 6,000 jobs across Texas, California
Visa results beat expectations on strong consumer spending trends
Starbucks set for talks with unionised US stores
Goldman Sachs shares rise to notch first record high since 2021
Tesla to accelerate launch of cheaper cars after sales miss