Tribunal upholds YTL Corp subcontract termination as lawful
YTL Corporation said a tribunal upheld Syarikat Pembenaan Yeoh Tiong Lay’s subcontract termination, with TSR due a net 2.26 million RGT.
- published
- in the api
- on the website
on the website stories appear 15 minutes after publication, in the api at once. connect the api →
what happened
Reuters reports that a tribunal ruled Syarikat Pembenaan Yeoh Tiong Lay’s decision to terminate the subcontract was proper, lawful and valid.
YTL Corporation Berhad also said TSR is owed a net sum of 2.26 million RGT for work completed before the termination.
why it matters
The ruling resolves the stated dispute over whether the subcontract termination was valid and sets the amount payable to TSR for work performed before the contract ended. For YTL Corp, it concerns contractual and legal obligations.
instruments
sources
- YTL Corp Says Tribunal Rules Syarikat Pembenaan Yeoh Tiong Lay's Termination Of Subcontract Proper, Lawful, Valid — Reuters, 12 October 2026 at 09:37 UTC
prepared by the newsmetry newsroom with ai assistance from the sources listed below. not investment advice.
on the website stories appear 15 minutes after publication, in the api at once.
get stories in real time ↗