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Knusford and China Railway's US$166m EPC job in the Philippines called off

Mimi Sabreena 4:02:00 PM Informasi

KUALA LUMPUR (Dec 22): Knusford Bhd, which counts businessman Tan Sri Lim Kang Hoo as a major shareholder, announced today that its US$166 million (RM677 million) engineering, procurement and construction (EPC) contract for the ArthaLand Cebu Exchange project in the Philippines has been called off.

In a filing with Bursa Malaysia, Knusford said the parties were unable to reach mutually-agreed terms and conditions for the EPC contract.

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