CIMB files arbitration to stop PLUS RFID

CIMB Group Holdings, the parent company of Touch ‘n” Go Sdn Bhd, is seeking to stop highway operator PLUS Malaysia Bhd from launching its own toll payment collection system. In a filing with Bursa Malaysia today, CIMB said it has filed and served a notice of arbitration dated Dec 17 on PLUS. The company claimed that PLUS has breached the obligations it owed to CIMB and CIMB SI 1 Sdn Bhd by commencing and launching its own PLUS radio frequency identification (RFID) system.