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BackAug 21, 2018
Type Announcement
Subject OTHERS
Description

CONSOLIDATION OF THE SELANGOR WATER INDUSTRY LETTER OF OFFER FROM PENGURUSAN AIR SELANGOR SDN BHD ("AIR SELANGOR") TO GAMUDA WATER SDN BHD (COMPANY NO. 297031-H) ("GAMUDA WATER"), A 80% OWNED SUBSIDIARY OF THE COMPANY

References are made to the announcements made by Gamuda Berhad (Company No. 29579-T) (“Gamuda” or “Company”) on 3 August 2018 and 9 August 2018 respectively, pertaining to the proposed purchase of 100% equity in Syarikat Pengeluar Air Sungai Selangor Sdn Bhd (Company No. 482346-K) (“Splash”) by Air Selangor.

The Board of Directors of Gamuda wish to announce that Gamuda Water has today received a letter of offer dated 21 August 2018 from Air Selangor (“Offer”) setting out: -

i.  termination of the existing operations and maintenance agreement of the Sungai Selangor Water Treatment Plant Phase 3 (“SSP3 OMA”) between Gamuda Water and Splash and              settlement of the outstanding Gamuda Water’s receivable from Splash vide a Termination and Settlement Agreement to be entered into between Air Selangor, Splash and Gamuda            Water; and

ii. the execution of a new SSP3 OMA between Air Selangor and Gamuda Water (“New SSP3 OMA”).

For details of the announcement, please refer the file attachment below.

This announcement is dated 21 August 2018.



Please refer attachment below.

  


Announcement Info

Company Name GAMUDA BERHAD
Stock Name GAMUDA
Date Announced 21 Aug 2018
Category General Announcement for PLC
Reference Number GA1-21082018-00084

Attachments

  1. Details_of_Annct_(Letter_of_Offer_from_Air_Selangor_to_GWater).pdf (Size: 292,369 bytes)