KUALA LUMPUR: Malaysia Airports HoldingsBhd (MAHB) has been asked by Express Rail Link Sdn Bhd (ERL) to wholly indemnify it against a RM5.41mil claim made by gateway@klia2 shopping mall developer Segi Astana Sdn Bhd.In a filing with Bursa Malaysia, the airport operator said it and its unit Malaysia Airports (Sepang) Sdn Bhd (MA Sepang) had received a third-party notice dated Sept 9 from ERL to indemnify it for that sum and continuing damages from Sept 9 until the date of vacant possession of “premises” or until such date as deemed appropriate by court for all losses and damages in a civil suit.
Segi Astana is a 70:30 joint-venture between WCT Holdings Bhd and MAHB to develop gateway@klia2 shopping mall. ERL, meanwhile, has a concession to operate the high speed rail line from KL Sentral to the KL International Airport and klia2,
MAHB’s announcement to the bourse did not give background of the dispute and what “premises” are being referred to.
It, however, said it and MA Sepang were taking “all necessary measures” to resist the legal action and that they were confident of success.
“ERL’s claims are not expected to have a material impact on the earnings and the net assets of the Company and MA Sepang for the financial year ending Dec 31, 2016,” it said.