yongnam

Yongnam unit ordered to pay over RM190,000 to security firm in default judgement

YONGNAM Engineering, a wholly owned subsidiary of steel fabricator Yongnam Holdings, has been ordered by the Malaysian court to pay RM190,523.60 (S$54,035.67) to security firm Secure Guards.

Under the statement of claim, Linde is claiming a sum of RM277,611 from Yongnam Engineering in relation to the former supplying oxygen and carbon dioxide to the subsidiary.

Yongnam unit receives sealed writ, statement of claim from Malaysian industrial gas supplier

YONGNAM Engineering, a wholly-owned subsidiary of steel fabricator Yongnam Holdings, has received a sealed writ and statement of claim from industrial gas supplier Linde Malaysia, said the company’s j...

Pantech Gelvanising is claiming RM1.7 million (S$485,643) from Yongnam Engineering in relation to outstanding amounts owed for the provision of structural fabrication services.

Yongnam unit gets writ of summons, statement of claim from Malaysian galvanising firm

YONGNAM Engineering, a wholly owned subsidiary of steel fabricator Yongnam Holdings, has received a writ of summons and statement of claim by Malaysian firm Pantech Gelvanising in the Johor Bahru High...

Yongnam's subsidiary Yongnam Engineering & Construction had signed the deed with Leighton Contractors (Asia) in 2017 with the intention to perform works together for a portion of LTA’s North-South Corridor project known as N103.

Yongnam’s JV partner terminates deed linked to S$553.8m LTA contract

A JOINT-VENTURE (JV) partner of Yongnam Holdings has exercised its rights to terminate a deed tied to a S$553.8 million tunnel-and-infrastructure contract with the Land Transport Authority (LTA).

Yongnam had made partial payments to both Soon Kim Engineering Works and Seng Yap Engineering Enterprise following notices of demand in August.

Yongnam subsidiary gets letters of demand for payments owed to engineering service providers

YONGNAM Engineering, a wholly-owned subsidiary of steel fabricator Yongnam Holdings, has received letters of demand from the solicitors of two engineering companies, for a total of RM2.4 million (S$68...

Yongnam Engineering has received several letters of demand in 2023. 

Yongnam to pay Axis-Reit’s trustee RM105.4 million in damages 

Yongnam Holdings and its subsidiary have been ordered by a court in Malaysia to pay RM105.4 million (S$30.2 million) in damages to the trustee of Axis-Reit.

The letter of demand is for a sum of S$36,969.68 for services rendered by Arcent and its supply of parts to the machinery of Yongnam Engineering & Construction.

Yongnam unit receives letter of demand for overdue payments

YONGNAM Engineering & Construction, a wholly-owned subsidiary of steel fabricator Yongnam Holdings, has received a letter of demand from Arcent for overdue payments.

Yongnam says the letter of demand was dated Aug 24, and was received by the company’s unit on Sep 5.

Yongnam unit gets letter of demand for three loan facilities

YONGNAM Engineering & Construction, a wholly-owned unit of steel fabricator Yongnam Holdings, has received a letter of demand from the attorney of Malayan Banking Berhad.

The arrears are rental, compensation charges and legal fees due for Axis Steel Centre @ SiLC in Johor, Malaysia. Its subsidiary, Yongnam Engineering, occupies the space.

Yongnam hit with letter of demand over arrears totalling RM8.5m

MAINBOARD-listed steel fabricator Yongnam Holdings on Wednesday (Dec 28) received a letter of demand over RM8.5 million (S$2.6 million) in arrears owed to the trustee of Bursa-listed Axis Reit.

Chief executive Seow Soon Yong says refinancing would help it service borrowings, while securing an investor could involve negotiations with lenders and creditors on loan and debt terms.

Yongnam in talks to secure refinancing or investment as repayment dates loom

WITH S$90.7 million in borrowings due within the next year, Yongnam Holdings has commenced negotiations with a potential financier and a potential investor to keep the company afloat, said its chief e...