Type | Announcement |
Subject | Announcement |
Contents | The Board of Directors of KKB Engineering Berhad ("KKB" or "the Company") wishes to announce that the Government of the State of Sarawak has on 4 August 2009 issued a Letter of Acceptance to the Company for “The Construction and Completion of Proposed Samalaju Water Supply, Bintulu Division, Sarawak (“Project”) for a contract sum of Ringgit Malaysia One Hundred And Ninety Six Million (RM196 million). The time of completion for the contract shall be Twenty Four (24) months and is subject to the terms and conditions to be agreed upon in a Contract Agreement between the Government of the State of Sarawak and the Company. The Project is expected to contribute positively to the earnings and net assets of the Group for the financial year ending 31 December 2009, more significantly financial year ending 31 December 2010 and financial year ending 31 December 2011. None of the Directors, major shareholders and persons connected with them has any interest, direct or indirect in the Project. The Board, having duly considered all aspects of the Project, are of the opinion that the Project is in the best interest of KKB and its group of companies. This announcement is dated 5 August 2009. |
Company Name | KKB ENGINEERING BERHAD |
Stock Name | KKB |
Date Announced | 5 Aug 2009 |
Category | General Announcement |
Reference No | CC-090805-59918 |