Bursa Announcements
News
Others
Jul 28, 2016
Type
Announcement
Subject
OTHERS
Description
GAMUDA BERHAD (29579-T) ("GAMUDA" OR "COMPANY")
DEVELOPMENT AND UPGRADING OF PROPOSED PAN BORNEO HIGHWAY IN THE STATE OF SARAWAK, MALAYSIA PHASE 1 ("PAN BORNEO PROJECT")
- LETTER OF AWARD FOR WORKS PACKAGE CONTRACT WPC-04 (PANTU JUNCTION TO BTG SKRANG)
INTRODUCTION
The Company wishes to announce that the Company together with Naim Engineering Sdn Bhd (Company No. 420203-W) (“NAIM”) had on 28 July 2016 accepted the award of the Works Package Contract – WPC-04 (Pantu Junction to Btg Skrang) comprised in the Pan Borneo Project (“Works”) from Lebuhraya Borneo Utara Sdn Bhd (Company No. 930689-H) (“LBU”).
INFORMATION ON THE WORKS
The Works is awarded to Naim Engineering Sdn Bhd – Gamuda Berhad JV (“Joint Venture”), an unincorporated joint venture comprising NAIM (70%) and Gamuda (30%) for a contract sum of RM1,567,200,000/- based on a total Works Package Contract period of 51 months.
Accordingly, the Joint Venture is required to form a Joint Venture company in due course to undertake the Works.
FINANCIAL IMPACT
The Works is expected to contribute positively to the revenue and earnings of the Group for the financial year ending 31 July 2017.
DIRECTORS’ AND MAJOR SHAREHOLDERS’ INTERESTS
None of the Directors and/or major shareholders of the Company and/or persons connected with them, has any interest, direct or indirect, in the Works.
Gamuda will make the necessary announcement to Bursa Malaysia as and when there is a material development in relation to the Works.
This announcement is dated 28 July 2016.
Announcement Info
Company Name
GAMUDA BERHAD
Stock Name
GAMUDA
Date Announced
28 Jul 2016
Category
General Announcement for PLC
Reference Number
GA1-26072016-00021
Type
| Announcement | |
| Subject | OTHERS |
| Description |
GAMUDA BERHAD (29579-T) ("GAMUDA" OR "COMPANY") DEVELOPMENT AND UPGRADING OF PROPOSED PAN BORNEO HIGHWAY IN THE STATE OF SARAWAK, MALAYSIA PHASE 1 ("PAN BORNEO PROJECT") - LETTER OF AWARD FOR WORKS PACKAGE CONTRACT WPC-04 (PANTU JUNCTION TO BTG SKRANG) |
|
INTRODUCTION The Company wishes to announce that the Company together with Naim Engineering Sdn Bhd (Company No. 420203-W) (“NAIM”) had on 28 July 2016 accepted the award of the Works Package Contract – WPC-04 (Pantu Junction to Btg Skrang) comprised in the Pan Borneo Project (“Works”) from Lebuhraya Borneo Utara Sdn Bhd (Company No. 930689-H) (“LBU”). INFORMATION ON THE WORKS The Works is awarded to Naim Engineering Sdn Bhd – Gamuda Berhad JV (“Joint Venture”), an unincorporated joint venture comprising NAIM (70%) and Gamuda (30%) for a contract sum of RM1,567,200,000/- based on a total Works Package Contract period of 51 months. Accordingly, the Joint Venture is required to form a Joint Venture company in due course to undertake the Works. FINANCIAL IMPACT The Works is expected to contribute positively to the revenue and earnings of the Group for the financial year ending 31 July 2017. DIRECTORS’ AND MAJOR SHAREHOLDERS’ INTERESTS None of the Directors and/or major shareholders of the Company and/or persons connected with them, has any interest, direct or indirect, in the Works. Gamuda will make the necessary announcement to Bursa Malaysia as and when there is a material development in relation to the Works. This announcement is dated 28 July 2016. |
|
Announcement Info
| Company Name | GAMUDA BERHAD |
| Stock Name | GAMUDA |
| Date Announced | 28 Jul 2016 |
| Category | General Announcement for PLC |
| Reference Number | GA1-26072016-00021 |