News

The Board of Directors of KAB is pleased to announce that KAB had on 12 August 2020 accepted two Letters of Appointment ("LOA") with the total contracts sum of RM17.58 million from China Communications Construction Company (M) Sdn Bhd [Company No. 201201022921 (1007413-M)]. The Company shall act as the nominated subcontractor for supply, installation, testing, commissioning and maintenance of electrical and extra low voltage services to Core Residences Project @ TRX (Main Building and External Works) for Core Precious Development Sdn Bhd on the three blocks of Pangsapuri Servis located at Lot PT 176, Seksyen 67, Bandar Kuala Lumpur, Jalan Tun Razak/ Jalan Davis, Wilayah Persekutuan Kuala Lumpur. 

The date of commencement of the contracts are on 12 August 2020, i.e. upon the acceptance of the LOA from China Communications Construction Company (M) Sdn Bhd. The delivery of KAB's services is expected to be completed by 12 August 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 12 August 2020.