Puncak Niaga threatens to rescind deal with Selangor

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Puncak Niaga Holdings Bhd (PNHB) has threatened to pull out of a deal with state owned Pengurusan Air Selangor Sdn Bhd after the latter missed its fifth deadline to fulfil its contractual obligations.

 

In a press release last night, PNHB executive chairperson and managing director Rozali Ismail said there is now a sixth and final extension, with the new deadline falling immediately after the month of Ramadan in mid-July.

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