Gamuda unit sued by TNB for RM40m outstanding electricity bill

PETALING JAYA: Gamuda Bhd's 80%-owned subsidiary Gamuda Water Sdn Bhd has received four writs of summons together with the corresponding statements of claim filed by Tenaga Nasional Bhd (TNB) against Gamuda Water for outstanding electricity bill of RM39.5 million.
The suits are premised on the failure by Gamuda Water in paying the electricity bills to TNB.
Gamuda said the suits will not have any significant financial and operational impact on the group for the financial year ending July 31, 2018 since the outstanding electricity bills have been fully provided as and when they are incurred.
The case management dates of the TNB suits are March 29, April 19, March 29 and April 19.
Gamuda shares closed down 0.4% to RM4.95 with 1.28 million shares done.