LETTER OF AWARDS
The Board of Directors (“the Board”) of KKB Engineering Berhad (“KKB”) is pleased to announce that KKB has on 29 December 2017 accepted the following Letters of Award:
i) NGC Energy Sdn Bhd (“NGC”) for the Supply of New C14 Cylinders. The completion date for NGC shall be within first quarter of 2018 (1Q2018).
ii) Petronas Dagangan Berhad (“PETRONAS”) for Price Agreement for the Fabrication and Reconditioning of LPG Cylinders for a period of one (1) year with an Option to Extend for another one (1) year with effect from 18 December 2017.
The total combined contract sum for the abovementioned contracts in 2018 is worth approximately RM12.7 million (Ringgit Malaysia: Twelve Million Seven Hundred Thousand Only).
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 two (2) 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 2 January 2018.
|Company Name||KKB ENGINEERING BERHAD|
|Date Announced||02 Jan 2018|
|Category||General Announcement for PLC|