The Board of Directors (“the Board”) of KKB Engineering Berhad (“KKB”) is pleased to announce that Harum Bidang Sdn Bhd, a subsidiary of KKB has received a Supplementary Contract from CMS Infra Trading Sdn Bhd (“CMSIT”) for the Supply and Delivery of Concrete-Lined Mild Steel Pipes and Mechanical Coupling to JKR Central Unallocated Stores, Tanah Puteh, Kuching (on “As and When Required” basis).  

The supply and delivery will be based on issuance of Purchase Orders by CMSIT on a “as and when required’ basis. The expiry date for this Supplementary Contract is on 31 August 2018.

The Company has also been awarded the Supply and Delivery of LPG Cylinders from Boustead Petroleum Marketing Sdn Bhd and the completion date is scheduled within the 3rd Quarter of 2017.

The combined total contract sum for the abovementioned contracts is approximately RM100.7 million (Ringgit Malaysia: One Hundred Million Seven Hundred Thousand only).

To the best of our knowledge, none of the Directors or major shareholders or persons connected with them has any interest, direct or indirect in the abovementioned contracts. The Board is of the opinion that the abovementioned awards are in the best interest of KKB and its Group.

The above contracts are expected to contribute positively to the earnings and net assets of the KKB Group for the financial year ending 31 December 2018.

This Announcement is dated 6 March 2017.