Raffles Education arbitration tribunal awards Mitrajaya RM 40.54 million damages

Reuters2026/07/29 15:04

By:Reuters

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Raffles Education received final arbitration awards dated July 29, 2026 in a dispute between unit Raffles K12 and contractor Mitrajaya.
Tribunal awarded Mitrajaya RM 40.54 million damages, interest at 5% from July 17, 2020 to July 29, 2026, payable by Aug. 21, 2026.
Costs award set at RM 1.58 million; late payment triggers 5% interest on outstanding sums from July 30, 2026 until full payment.
Group is assessing financial impact; intends to pursue legal remedies, including a court application to set aside the awards.

Disclaimer: This news brief was created by Public Technologies (PUBT) using generative artificial intelligence. While PUBT strives to provide accurate and timely information, this AI-generated content is for informational purposes only and should not be interpreted as financial, investment, or legal advice. Raffles Education Ltd. published the original content used to generate this news brief via Singapore Exchange Limited (SGX) (Ref. ID: JJH31DE4CVWFNUY4) on July 29, 2026, and is solely responsible for the information contained therein.

Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.

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Raffles Education arbitration tribunal awards Mitrajaya RM 40.54 million damages

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