KUALA LUMPUR (Oct 6): Bertam Alliance Bhd said its unit Bertam Development Sdn Bhd (BDSB) is in a dispute with a contractor over an alleged claim of RM5.8 million in connection with works done on a project in Langkawi, Kedah. In its bourse filing today, the homebuilder said BDSB, which is wholly owned by Bertam Alliance, had instructed its legal representatives to contest the matter. Bertam Alliance said BDSB had, on Oct 4, received a notice of adjudication from R & C Cergas Teguh Sdn Bhd to refer the payment dispute to adjudication. R & C Cergas Teguh claimed the sum includes the total certified sum and the balance sum of works that remained uncertified but duly completed, said Bertam Alliance. Bertam Alliance closed half a sen or 0.78% higher at 65 sen today, with 148,000 shares transacted.

Source: The Edge Markets October 06, 2016 13:18 UTC