Boustead Projects E&C secured a design-and-build contract on June 8, 2017, from Veolia ES for the same facility.
See: Boustead Projects unit wins contract to build hazardous chemical waste treatment facility
Boustead Projects E&C says it had made a claim against Veolia ES previously and received the letter of demand amidst ongoing proceedings.
The company adds that it is currently seeking formal legal advice on the matter, but it intends to “vigorously dispute” Veolia’s “unreasonable” claim.
Shares in Boustead Projects closed flat at 79 cents on September 4.
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