Tiong Aik Construction is the wholly-owned subsidiary of TA Corporation. The latter announced, on July 18, that the former has appointed provisional liquidators after assessing that it is unable to pay its debts as and when they fall due.
King Wan Corporation is seeking to claim payment of $2.6 million from Tiong Aik Construction for works done under an existing contract for sanitary and plumbing works and other related works with the latter.
King Wan is also claiming another $0.6 million in retention monies held by Tiong Aik.
