How well do you know the TGL and QBSB Semenyih Factory Project?
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Questions and Answers

What was TGL's plan for the Semenyih Factory Project?

To increase its capacity to supply gloves globally by another 25%.

When did TGL issue a Letter of Acceptance to QBSB for the Semenyih Factory Project?

On 2 February 2019.

What was the agreed rate for liquidated damages in the contract between TGL and QBSB?

RM20,000 per day.

What was the purpose of TGL's Semenyih Factory Project?

<p>To increase TGL's capacity to supply gloves globally by 25%.</p> Signup and view all the answers

What was the total cost of the Semenyih Factory Project and how were liquidated damages calculated?

<p>The total cost was RM75 million on a lump sum basis and liquidated damages were agreed at the rate of RM20,000 per day.</p> Signup and view all the answers

What was the dispute resolution clause in the bespoke contract signed by the parties?

<p>Any dispute or difference arising out of or in connection with this contract shall be determined by a single arbitrator to be agreed between the parties, or failing agreement within fourteen days, by an arbitrator to be appointed in accordance with the Singapore International Arbitration Centre Rules 2016 unless otherwise agreed by parties.</p> Signup and view all the answers

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