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Appointment As The Project Delivery Partner For The Implementation Of The Klang Valley Mass Rapid Transit Project: Sungai Buloh-Serdang-Putrajaya Line/Line 2 ("The Project") - Shareholders' Agreement
Nov 13, 2014
Type
Reply to query
Reply to Bursa Malaysia's Query Letter - Reference ID
BL-141112-56377
Subject
Appointment As The Project Delivery Partner For The Implementation Of The Klang Valley Mass Rapid Transit Project: Sungai Buloh-Serdang-Putrajaya Line/Line 2 (“the Project”) – Shareholders’ Agreement
Description
We refer to Bursa Malaysia Securities Berhad’s (“Bursa Malaysia”) letter dated 12 November 2014 on the above matter and furnish below the additional information as required:
1. The breakdown of the total capital and investment outlay of Gamuda Berhad (“Gamuda”) will be according to the proportion of interest of each party in MMC Gamuda KVMRT (PDP SSP) Sdn Bhd (“JVC”), which could only be determined after the project delivery partner (“PDP”) agreement with Mass Rapid Transit Corporation Sdn Bhd (“MRT Corp”) has been finalised and signed.
2. The current authorised share capital of the JVC is RM400,000 divided into 400,000 ordinary shares of RM1.00 each and the current issued and paid up capital of the JVC is RM2.00 divided into two (2) ordinary shares of RM1.00 each. The eventual issued and paid up capital of the JVC, the type of shares or securities in the JVC could only be determined after the PDP agreement with MRT Corp has been finalised and signed.
3. Gamuda plans to finance its portion of the investment in the JVC through either internally generated funds and/or borrowings.
Gamuda will make the appropriate announcement to Bursa Malaysia as and when there is a material development in relation to the Project.
This announcement is dated 13 November 2014.
Query Letter Contents
We refer to your Company's announcement dated 11 November 2014 in respect of
the above matter.
In this connection, kindly furnish Bursa Malaysia Securities Berhad ("Bursa
Securities") with the following additional information for public release:-
1. The breakdown of Gamuda Berhad's ("Gamuda") total capital and investment
outlay in the joint-venture.
2. The eventual issued and paid-up capital of MMC Gamuda KVMRT (PDP SSP) Sdn
Bhd ("JVC").
3. The number, type and par value of the shares of the JVC. Where there is more
than one type of shares or securities issued, the following:
(a) the differences between the different types of shares or securities;
(b) whether convertible; if so, the rate and period;
(c) whether redemable; if so, the rate and period; and
(d) the tenure.
4. Gamuda's source(s) of funds for financing the investment in the JVC, and the
breakdown.
Please furnish Bursa Securities with your reply via an announcement within one
(1) market day from the date hereof.
Yours faithfully
KHOO KAY KWAN
Senior Vice President, Issuers
Listing Division, Regulation
copy to:- General Manager & Head, Market Surveillance, Securities Commission
(via fax)
Announcement Info
Company Name
GAMUDA BERHAD
Stock Name
GAMUDA
Date Announced
13 Nov 2014
Category
General Announcement
Reference No
GG-141113-54238
| Type | Reply to query |
| Reply to Bursa Malaysia's Query Letter - Reference ID | BL-141112-56377 |
| Subject | Appointment As The Project Delivery Partner For The Implementation Of The Klang Valley Mass Rapid Transit Project: Sungai Buloh-Serdang-Putrajaya Line/Line 2 (“the Project”) – Shareholders’ Agreement |
| Description | We refer to Bursa Malaysia Securities Berhad’s (“Bursa Malaysia”) letter dated 12 November 2014 on the above matter and furnish below the additional information as required: 1. The breakdown of the total capital and investment outlay of Gamuda Berhad (“Gamuda”) will be according to the proportion of interest of each party in MMC Gamuda KVMRT (PDP SSP) Sdn Bhd (“JVC”), which could only be determined after the project delivery partner (“PDP”) agreement with Mass Rapid Transit Corporation Sdn Bhd (“MRT Corp”) has been finalised and signed. 2. The current authorised share capital of the JVC is RM400,000 divided into 400,000 ordinary shares of RM1.00 each and the current issued and paid up capital of the JVC is RM2.00 divided into two (2) ordinary shares of RM1.00 each. The eventual issued and paid up capital of the JVC, the type of shares or securities in the JVC could only be determined after the PDP agreement with MRT Corp has been finalised and signed. 3. Gamuda plans to finance its portion of the investment in the JVC through either internally generated funds and/or borrowings. Gamuda will make the appropriate announcement to Bursa Malaysia as and when there is a material development in relation to the Project. This announcement is dated 13 November 2014. |
| Query Letter Contents | We refer to your Company's announcement dated 11 November 2014 in respect of the above matter. In this connection, kindly furnish Bursa Malaysia Securities Berhad ("Bursa Securities") with the following additional information for public release:- 1. The breakdown of Gamuda Berhad's ("Gamuda") total capital and investment outlay in the joint-venture. 2. The eventual issued and paid-up capital of MMC Gamuda KVMRT (PDP SSP) Sdn Bhd ("JVC"). 3. The number, type and par value of the shares of the JVC. Where there is more than one type of shares or securities issued, the following: (a) the differences between the different types of shares or securities; (b) whether convertible; if so, the rate and period; (c) whether redemable; if so, the rate and period; and (d) the tenure. 4. Gamuda's source(s) of funds for financing the investment in the JVC, and the breakdown. Please furnish Bursa Securities with your reply via an announcement within one (1) market day from the date hereof. Yours faithfully KHOO KAY KWAN Senior Vice President, Issuers Listing Division, Regulation copy to:- General Manager & Head, Market Surveillance, Securities Commission (via fax) |
Announcement Info
| Company Name | GAMUDA BERHAD |
| Stock Name | GAMUDA |
| Date Announced | 13 Nov 2014 |
| Category | General Announcement |
| Reference No | GG-141113-54238 |