Rich Capital JV receives termination notice from Batam project contractor Rich-Link Konstruksi
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Singapore
A JOINT-VENTURE vehicle linked to Rich Capital has received a notice of termination from the main contractor of its Oxley Convention City project in Batam, Indonesia.
In the notice received by Oxley Karya Indo Batam (OKIB) on Oct 23, the contractor Rich-Link Konstruksi (RLK) said that given OKIB's continued breaches, RLK intends to exercise its right to terminate the main contract and reserves all its rights against OKIB for losses suffered as a result of the breaches.
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