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Econpile subsidiary faces arbitration claims from Kota Bharu Medical Centre

PUBT·11/10/2026 10:41:08
Econpile subsidiary faces arbitration claims from Kota Bharu Medical Centre
  • Econpile Holdings’ wholly owned subsidiary Econpile (M) received an arbitration notice from Kota Bharu Medical Centre on Nov. 5, 2026.
  • KBMC seeks RM 4.98 million in liquidated damages and RM 325,606.73 in backcharges over a private hospital project in Kelantan.
  • The High Court conditionally stayed execution of Econpile (M)’s favorable adjudication decision on Nov. 10, pending further court rulings.
  • KBMC must deposit the RM 5.15 million adjudicated sum, awarded costs and accrued interest into a solicitors’ trust account by Nov. 24.
  • The group fully provided for the outstanding receivable; the potential financial impact of KBMC’s claims cannot yet be reliably assessed.


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. Econpile Holdings Bhd published the original content used to generate this news brief via Bursa Malaysia (KLSE) (Ref. ID: 3723325) on November 10, 2026, and is solely responsible for the information contained therein.