VibroPower Receives Arbitration Notice Over Equipment Supply Contract

MT Newswires

Oct 16, 2024

VibroPower (SGX:BJD) wholly-owned subsidiary VibroPower Sales and Services received a notice of arbitration relating to an equipment supply contract, according to a Tuesday filing on the Singapore Exchange.

The notice, filed with the Singapore International Arbitration Centre, concerns the supply, delivery, and installation of diesel generators, a fuel storage system, and related works for a project.

The main contractor, which issued the notice, also sent a termination letter on the same day, citing delays and outstanding work. VibroPower is already involved in a separate arbitration case with the same contractor, where it is the claimant.

The company is reviewing the new claims and said it will defend itself.

Price (SGD): S$0.02, Change: S$+0.0010, Percent Change: +4.35%

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VibroPower is already involved in a separate arbitration case with the same contractor, where it is the claimant.</p><p>The company is reviewing the new claims and said it will defend itself.</p><p>Price (SGD): S$0.02, Change: S$+0.0010, Percent Change: +4.35%</p></body></html>\n\n</article>\n</div>\n</body>\n</html>\n","isBrief":false,"type":0,"news_type":1,"symbol":"BK6500","symbol_name":"公用股","start_time":0,"source_url":"https://www.mtnewswires.com/","article_id":"2475431546","we_media_id":"1060499803","thumbnails":[],"rights":null,"url":"https://stock-news.laohu8.com/highlight/detail?id=2475431546","pubTimestamp":1729036824,"columns":[],"sourceInfo":null,"weMediaInfo":{"media_name":"MT Newswires","introduction":"The most recognized names in North America, Europe and Asia rely on MT Newswires to power their applications. 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