Others
| Type | Announcement |
| Subject | OTHERS |
| Description |
KEJURUTERAAN ASASTERA BERHAD ("KAB" OR "THE COMPANY") - Acceptance of contract amounting to RM14.5 million |
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The Board of Directors of KAB is pleased to announce that KAB had on 13 December 2017 accepted a Letter of Acceptance ("LOA") with the contract sum of RM14.5 million from Kerjaya Prospek (M) Sdn Bhd. The Company shall act as the nominated subcontractor for the complete supply, delivery, installation, testing and commissioning of the electrical and telephone systems for Bon Estates Sdn Bhd on two blocks of condominium located in Mukim Kuala Lumpur, Wilayah Persekutuan. The delivery of KAB's services is expected to be completed by 24 May 2020. The LOA is expected to contribute positively to the future earnings of KAB for the duration of the contracts. There are no foreseeable significant risks other than normal business and operational risk associated with the LOA. None of the Directors and/or major shareholders of the Company or persons connected with them, have any interest, direct or indirect, in the LOA. This announcement is dated 13 December 2017. |
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Announcement Info
| Company Name | KEJURUTERAAN ASASTERA BERHAD |
| Stock Name | KAB |
| Date Announced | 13 Dec 2017 |
| Category | General Announcement for PLC |
| Reference Number | GA1-07122017-00001 |
Kinergy Advancement Berhad
No. 18, Jalan Radin Bagus 9, Bandar Baru Sri Petaling, 57000 Kuala Lumpur, Malaysia.