Should this not be achieved, the completion agreement would lapse and cease to have further effect. Under the settlement agreement, Scomi said Prasarana would make payments amounting to RM181mil to STP for refurbishment work to repair five sets of four-car monorail trains that have stopped working since January 2018. STP will also procure and supply all components, parts, services and materials which are necessary and required for the work under the completion agreement. All the cost will be paid directly to the vendors by PMB from the completion agreement sum. The completion agreement will not have any material impact on the earnings per share and net assets per share of the company.
Source: The Star June 24, 2019 23:48 UTC