Malaysia Marine subsidiary MMHE faces RM 57.3 million arbitration claim from Haumea

Bitget2026/10/21 09:16

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Malaysia Marine and Heavy Engineering Holdings' wholly owned subsidiary MMHE faces arbitration over Haumea Offshore's approximately RM 57.3 million claim.
Arbitration commenced on October 9, 2026, over a subcontract for the Bokor Phase 3 Redevelopment Project.
MMHE disputes the claims in full and will pursue counterclaims for completion costs, back charges and liquidated damages.
The subsidiary will discontinue two court appeals, with the disputed issues now to be determined by the arbitral tribunal.
The arbitration is not expected to have a material operational or financial impact on the group at this stage.

Disclaimer: This news brief was created by Public Technologies (PUBT) using generative artificial intelligence. While PUBT strives to provide accurate and timely information, this AI-generated content is for informational purposes only and should not be interpreted as financial, investment, or legal advice. Malaysia Marine and Heavy Engineering Holdings Bhd published the original content used to generate this news brief via Bursa Malaysia (KLSE) (Ref. ID: 3717064) on October 21, 2026, and is solely responsible for the information contained therein.

Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.

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Malaysia Marine subsidiary MMHE faces RM 57.3 million arbitration claim from Haumea

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