Disposal Of All The Securities In: (I) Kesas Sdn Bhd ("KESAS");(II) Sistem Penyuraian Trafik KL Barat Sdn Bhd ("SPRINT");(III) Lingkaran Trans Kota Sdn Bhd ("LITRAK"); And (IV) Syarikat Mengurus Air Banjir & Terowong Sdn Bhd ("SMART"); To Amanat Lebuhraya Rakyat Berhad ("ALR")(Collectively Referred To As The "Disposals") - Warranty Claims By ALR And Payment Of Net Retention Sum

Apr 04, 2023
Type Announcement
Subject OTHERS
Description

GAMUDA BERHAD ("GAMUDA" OR "COMPANY")

DISPOSAL OF ALL THE SECURITIES IN:

(I) KESAS SDN BHD ("KESAS");

(II) SISTEM PENYURAIAN TRAFIK KL BARAT SDN BHD ("SPRINT");

(III) LINGKARAN TRANS KOTA SDN BHD ("LITRAK"); AND

(IV) SYARIKAT MENGURUS AIR BANJIR & TEROWONG SDN BHD ("SMART");

TO AMANAT LEBUHRAYA RAKYAT BERHAD ("ALR"). (COLLECTIVELY REFERRED TO AS THE "DISPOSALS")

- WARRANTY CLAIMS BY ALR AND PAYMENT OF NET RETENTION SUM

The terms used herein shall, unless the context otherwise stated, bear the same meaning as those defined in the circular to the shareholders of Gamuda dated 12 July 2022 (“Circular”). Unless otherwise defined, capitalised terms used in this announcement shall have the same meanings as those defined in the Circular.

 

Reference is made to Gamuda’s announcements dated 13 October 2022, 2 February 2023 and 28 February 2023 in relation to the completion of the Disposals.

 

The Board of Directors of Gamuda wishes to announce the following understanding reached with ALR following further discussions held between Kesas Holdings Berhad (“Kesas Holdings”), Sistem Penyuraian Trafik KL Barat Holdings Sdn Bhd (“SPRINT Holdings”) and Lingkaran Trans Kota Holdings Berhad (“LITRAK Holdings”) (collectively “Concession Holding Companies”) and ALR.

 

For details, please refer to the attachment below.

 

This annoucement is dated 4 April 2023.

Please refer attachment below.


Announcement Info

Company Name GAMUDA BERHAD
Stock Name GAMUDA
Date Announced 04 Apr 2023
Category General Announcement for PLC
Reference Number GA1-04042023-00075

Attachments

  1. Gamuda_(Warranty_Claims_and_Payment_of_Net_Retention_Sum).pdf (Size: 210,331 bytes)