| Type | Announcement |
| Subject | OTHERS |
| Description | Announcement on Award of Contract |
|
The Board of Directors of KKB Engineering Berhad (“KKB”) wishes to announce that Harum Bidang Sdn Bhd, a subsidiary of KKB, has on 3 September 2012 accepted and signed a two (2) years contract with CMS Infra Trading Sdn Bhd (“CMSIT”) for the Supply & Delivery of Various Concrete-Lined Mild Steel Pipes & Mild Steel Mechanical Couplings with a contract sum of approximately Ringgit Malaysia Seventy-Four Million Four Hundred Thousand only (RM74.4 million) on an “As and When Required” basis. A written agreement will be entered into between Harum Bidang Sdn Bhd and CMS Infra Trading Sdn Bhd in due course. Cahya Mata Sarawak Berhad (“CMSB”) is a major shareholder of KKB. CMSIT is a subsidiary of CMSB and accordingly, CMSB is deemed interested in the award. Datuk Syed Ahmad Bin Alwee Alsree and Encik Syed Hizam Bin Syed Mahmood Ezzularab Abdul-Moez Alsagoff are both Directors of KKB. Datuk Syed Ahmad Bin Alwee Alsree is also a Director of CMSB and both Datuk Syed Ahmad Bin Alwee Alsree and Encik Syed Hizam Bin Syed Mahmood Ezzularab Abdul-Moez Alsagoff are the nominees of CMSB and persons connected with CMSB and accordingly, they are deemed interested in the award. Apart from the above, none of the other Directors and major shareholders or persons connected with them has any interest, direct or indirect, in the above award. The Board is of the opinion that the above award is in the best interest of KKB and its group of companies. The above award is expected to contribute positively to the earnings and net assets of KKB Group for the financial years ending 31 December 2012 to 31 December 2014. This announcement is dated 3 September 2012. |
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| Company Name | KKB ENGINEERING BERHAD |
| Stock Name | KKB |
| Date Announced | 3 Sept 2012 |
| Category | General Announcement |
| Reference No | CC-120903-73D14 |
