Date : 25 March 2021
OTHERS ANEKA JARINGAN HOLDINGS BERHAD ("ANEKA" OR "THE COMPANY") - LETTER OF AWARD
|ANEKA JARINGAN HOLDINGS BERHAD|
ANEKA JARINGAN HOLDINGS BERHAD ("ANEKA" OR "THE COMPANY") - LETTER OF AWARD
Introduction The Company is pleased to announce that its wholly-owned subsidiary, Aneka Jaringan Sdn Bhd, has today accepted the Letter of Award from Nakano Construction Sdn Bhd (“Nakano Construction”), to be a sub-contractor to undertake the works in connection with Bored Piling, Spun Piling, RC Piles and Bakau Piles for the proposed construction of new logistic hub consists of 2 blocks of 4 storey warehouse with office at mezzanine floor, 1 block of 2 storey cafeteria, 2 units of guard houses, 1 unit of refuse chamber, 1 unit of 1 storey 11KV TNB substation, 2 units of utility buildings, on Lot 38271, No. 72, Persiaran Jubli Perak, Seksyen 22, 40000 Shah Alam, Selangor Darul Ehsan for Symphony Warehouse Sdn Bhd (“Symphony Warehouse”) (“Project”), for an estimated sub-contract sum of RM28,900,000.00 only, inclusive of all taxes and service charges (“Sub-Contract”). The Sub-Contract forms part of the main contract for the Project, in respect of which Nakano Construction is the main contractor and Symphony Warehouse is the employer. The Sub-Contract is to be completed by 15 March 2022. Financial Effects The Sub-Contract will not have any effect on the share capital and shareholding structure of the Company. The Sub-Contract, however, is expected to contribute positively to Aneka’s consolidated earnings and net assets for the financial year ending 31 August 2021 and onwards, during the duration of the Sub-Contract. Risk Factors The Company does not foresee any exceptional risks other than the normal operational risks associated with the Sub-Contract. The Company will take the necessary steps to mitigate the risks. Directors’ and Major Shareholders’ Interest None of the Directors and/or major shareholders and/or persons connected with them has any interest, direct or indirect, in the Sub-Contract. Approvals Required The Sub-Contract is in the ordinary course of business and is not subject to the approval of Aneka’s shareholders. Statement by Directors The Board of Directors of Aneka, having considered all aspects of the Sub-Contract, is of the opinion that the Sub-Contract is in the best interest of the Company. This announcement is dated 25 March 2021.
|Company Name||ANEKA JARINGAN HOLDINGS BERHAD|
|Date Announced||25 Mar 2021|
|Category||General Announcement for PLC|