GRP Ltd. Updates on Dispute Resolution with EESB

Tip Ranks
2025.11.17 10:13
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GRP Ltd. announced an adjudication decision requiring them to pay RM3,066,873 to EESB over a housing project dispute. EESB's counterclaims were dismissed. This payment is accounted for in GRP's FY2025 financials, not affecting profit or loss. GRP aims to recover costs through arbitration, with a hearing in early 2027.