Article: Penang Turf Club gets tough

Phuah Ken Lin
New Straits Times
04-21-2009
Penang Turf Club gets tough
Byline: Phuah Ken Lin
Edition: Main/Lifestyle
Section: Main Section

GEORGE TOWN: The Penang Turf Club has seized RM4.5 million in deposits from Abad Naluri Sdn Bhd for its failure to commence work on the Penang International Equestrian Centre (PIEC) in Batu Kawan.

The club also penalised the developer RM10,000 per day from April 2 over the delay in starting work.
Club president Datuk Ong Eng Khuan said Abad Naluri had to settle the penalties within three months, failing which the club could terminate the supplemental and original agreements signed with the company.

"Abad Naluri has until March 30, 2011, to complete the ...

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