KUALA LUMPUR (July 26): Cuscapi Bhd (company) and its wholly-owned subsidiary Cuscapi Malaysia Sdn Bhd have respectively received letters of demand from Hitachi Systems Digital Services (Singapore) Pte Ltd. Hitachi claimed that Cuscapi Malaysia have not made payments for the purchase of Rev Hardware Equipment.
Software developer Cuscapi Bhd said in a Bursa Malaysia filing yesterday that Hitachi is demanding from Cuscapi Malaysia US$3.6 million (about RM15 million) and legal cost for the notice. Cuscapi Bhd said Hitachi's letters of demand were dated July 23, 2018.
"Hitachi claims that Cuscapi Malaysia had failed, neglected, refused and/or defaulted in making requisite payments pursuant to an agreement for the purchase of Rev Hardware Equipment dated 23 September 2016, and that Hitachi is therefore demanding that Cuscapi Malaysia pays a sum of USD3,600,248.22 and legal cost for the notice, failing which legal proceedings can be instituted against Cuscapi Malaysia.
Stock: [CUSCAPI]: CUSCAPI BHD
2019-02-25 09:15 | Report Abuse
KUALA LUMPUR (July 26): Cuscapi Bhd (company) and its wholly-owned subsidiary Cuscapi Malaysia Sdn Bhd have respectively received letters of demand from Hitachi Systems Digital Services (Singapore) Pte Ltd. Hitachi claimed that Cuscapi Malaysia have not made payments for the purchase of Rev Hardware Equipment.
Software developer Cuscapi Bhd said in a Bursa Malaysia filing yesterday that Hitachi is demanding from Cuscapi Malaysia US$3.6 million (about RM15 million) and legal cost for the notice. Cuscapi Bhd said Hitachi's letters of demand were dated July 23, 2018.
"Hitachi claims that Cuscapi Malaysia had failed, neglected, refused and/or defaulted in making requisite payments pursuant to an agreement for the purchase of Rev Hardware Equipment dated 23 September 2016, and that Hitachi is therefore demanding that Cuscapi Malaysia pays a sum of USD3,600,248.22 and legal cost for the notice, failing which legal proceedings can be instituted against Cuscapi Malaysia.