10-09-2013, 09:16 PM
Kenna sued together with Ho Bee
http://infopub.sgx.com/FileOpen/KSHAnnou...eID=255830
The Board of Directors (the “Board”) of KSH Holdings Limited (the ‘Company”) refers to the
media reports on 10 September 2013 in relation to the legal proceedings (the “Suit”) brought by
the Management Corporation Strata Title Plan No. 3493 (the “MCST”) of the residential
development known as The Coast @ Sentosa Cove against the developer, Ho Bee Cove, Kim
Seng Heng Engineering Construction (Pte) Ltd (“KSHEC”), a wholly-owned subsidiary of the
Company, Architects 61 and Bescon Consulting Engineers.
KSHEC was the Main Contractor engaged to construct The Coast, which was completed in May
2009.
The MCST has made various general claims against KSHEC for alleged defects in the common
property of The Coast as well as specific claims on the warranties and indemnities jointly and
severally provided by KSHEC and several specialist sub-contractors in connection with the
construction of The Coast.
KSHEC has filed a comprehensive defence in response to the Suit and will take all necessary
steps to vigorously defend its interests, including filing indemnity claims against the relevant
sub-contractors as third parties to the Suit.
In the nature of the group’s business, legal claims similar to the Suit are not unusual. The Board
has been advised by its lawyers that the amount claimed in the Suit against KSHEC is likely to
be very insignificant. The Suit will thus not have any impact on the business and financial
positions of KSHEC or the Company, in any respect whatsoever.
vested.
http://infopub.sgx.com/FileOpen/KSHAnnou...eID=255830
The Board of Directors (the “Board”) of KSH Holdings Limited (the ‘Company”) refers to the
media reports on 10 September 2013 in relation to the legal proceedings (the “Suit”) brought by
the Management Corporation Strata Title Plan No. 3493 (the “MCST”) of the residential
development known as The Coast @ Sentosa Cove against the developer, Ho Bee Cove, Kim
Seng Heng Engineering Construction (Pte) Ltd (“KSHEC”), a wholly-owned subsidiary of the
Company, Architects 61 and Bescon Consulting Engineers.
KSHEC was the Main Contractor engaged to construct The Coast, which was completed in May
2009.
The MCST has made various general claims against KSHEC for alleged defects in the common
property of The Coast as well as specific claims on the warranties and indemnities jointly and
severally provided by KSHEC and several specialist sub-contractors in connection with the
construction of The Coast.
KSHEC has filed a comprehensive defence in response to the Suit and will take all necessary
steps to vigorously defend its interests, including filing indemnity claims against the relevant
sub-contractors as third parties to the Suit.
In the nature of the group’s business, legal claims similar to the Suit are not unusual. The Board
has been advised by its lawyers that the amount claimed in the Suit against KSHEC is likely to
be very insignificant. The Suit will thus not have any impact on the business and financial
positions of KSHEC or the Company, in any respect whatsoever.
vested.