Segi Astana is a 70:30 joint-venture between WCT Holdings Bhd and MAHB to develop gateway@klia2 shopping mall. ERL, meanwhile, has a concession to operate the high speed rail line from KL Sentral to the KL International Airport and klia2,
MAHB’s announcement to the bourse did not give background of the dispute and what “premises” are being referred to.
It, however, said it and MA Sepang were taking “all necessary measures” to resist the legal action and that they were confident of success.
“ERL’s claims are not expected to have a material impact on the earnings and the net assets of the Company and MA Sepang for the financial year ending Dec 31, 2016,” it said.