Acceptance Of Contract Amounting To RM19.78 Million
| Type | Announcement |
| Subject | OTHERS |
| Description |
KEJURUTERAAN ASASTERA BERHAD ("KAB" OR "THE COMPANY") |
The Board of Directors of KAB is pleased to announce that KAB had on 27 February 2020 accepted a Letter of Acceptance ("LOA") with the contract sum of RM19.78 million from Grand Dynamic Builders Sdn Bhd [Company No. 200501035889 (718036-T)]. The Company shall act as the nominated subcontractor for the supply, delivery, installation, testing, commissioning and maintenance of the electrical services for Cloudvest Sdn Bhd on two blocks of Pangsapuri located at Lot 62199, Jalan Residen 2, Desa Parkcity, Mukim Batu, Wilayah Persekutuan Kuala Lumpur.
The date of commencement of the contract is on 27 February 2020, i.e. upon the acceptance of the LOA from Grand Dynamic Builders Sdn Bhd. The delivery of KAB's services is expected to be completed by 1 September 2022.
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 27 February 2020.
Please refer attachment below.
Announcement Info
| Company Name | KEJURUTERAAN ASASTERA BERHAD |
| Stock Name | KAB |
| Date Announced | 27 Feb 2020 |
| Category | General Announcement for PLC |
| Reference Number | GA1-27022020-00040 |
Attachments
- KAB_PR_200227_Park_Regent_Project.pdf (Size: 419,886 bytes)
Kinergy Advancement Berhad
No. 18, Jalan Radin Bagus 9, Bandar Baru Sri Petaling, 57000 Kuala Lumpur, Malaysia.