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Careplus moves to strike out Petrolife's RM27 mil suit

The Edge Markets LogoThe Edge Markets1w ago

Careplus moves to strike out Petrolife's RM27 mil suit - The Edge Markets

Quick Summary:

RPP had appointed Petrolife to supply LNG for its new plant in Senawang, Negeri Sembilan from November 2021.

Shares in Careplus fell one sen at 23.5 sen on Thursday, giving the group a market capitalisation of RM132.07 million.

Petrolife claimed it suffered the alleged losses as a result of RPP having breached its obligation and responsibility under an agreement for the supply of LNG the duo entered into.

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Article Details

Category: InvestingFinance

Topics: Petrolife Suit Filed Careplus Application Claim Statement Million Court Petrolife’s Matter

Source Website Secure: Yes (HTTPS)

News Sentiment: Positive

Fact Checked: Legitimate

Article Type: News Report

Published On: 2022-09-22, 13:04:36

News Timezone: GMT +8:00

News Source URL:

Language: English

Reading Time: 3 minutes read

Article Length: 470 words

Coverage Area: Malaysia

Availability: Desktop Web, Mobile Web

News ID: 470597

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About The Edge Markets

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Main Topics: InvestingFinance

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Update Frequency: 103 posts per day

Year Established: 1994

Headquarters: Malaysia

News Last Updated: 11h ago

Coverage Areas: Malaysia

Ownership: Independent Company

Publication Timezone: GMT +8:00

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Publisher ID: #17

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