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Rich Capital terminates consultancy services for Batam project

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Claudia Tan HS

Published Fri, Mar 27, 2020 · 09:50 PM

Singapore

RICH Capital Holdings on Friday announced that the structural consultancy services provided by Aricipta Semesta for a project in Batam have been discontinued because its terms of demand were not met by Oxley Karya Indo Batam (OKIB).

Karya Indo Batam had partnered with an indirect subsidiary of Rich Capital, Oxley Batam, to form an equal joint-venture company, OKIB, to undertake the integrated Batam project, the Oxley Batam Convention City Project.

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