Investor Relations

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BackDec 04, 2017
Type Announcement
Subject OTHERS
Description

LETTER OF AWARDS

The Board of Directors (“the Board”) of KKB Engineering Berhad (“KKB”) is pleased to announce that KKB has received a Letter of Award from Hock Peng Realty Sdn Bhd (“HPRSB”) on 28 November 2017 for the Supply, Fabrication, Delivery and Installation of Steel Structures and Installation of Roof Covering and Wall Cladding and Accessories for The Proposed Balingian Coal Stockyard, Mukah, Sarawak.

KKB has also received a Purchase Order from LP Capital Construction Sdn Bhd (“LPCC”) for the Supply of Mild Steel Pipes and Fittings for the Projek Bekalan Air Luar Bandar (BALB), Serian, Sarawak and additionally, a Purchase Order from MKM Wira (M) Sdn Bhd (“MKM”) for the Supply of the Mild Steel Concrete Lined (MSCL) Pipes and Fittings.

The total combined contract sum for the abovementioned contract/orders is worth approximately RM16.8 million (Ringgit Malaysia: Sixteen Million Eight Hundred Thousand Only).

The completion date for HPRSB is scheduled within the third quarter of 2018 (3Q2018), LPCC and MKM within the first half 2018 (1H2018).

To the best of our knowledge, none of the Directors or major shareholders or person connected with them has any interest, direct or indirect in the abovementioned three (3) awards. The Board is of the opinion that the abovementioned awards are in the best interest of KKB and its Group.

The above awards 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 4 December 2017.





Announcement Info

Company Name KKB ENGINEERING BERHAD
Stock Name KKB
Date Announced 04 Dec 2017
Category General Announcement for PLC
Reference Number GA1-04122017-00028