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2021-12-22 18:50 | Report Abuse
Further to the Company’s announcement dated 13 January 2017, the Board of Directors of Gadang wishes to announce that its indirect 70%-owned subsidiary, Nusantara Suriamas Sdn Bhd (“NSSB”), had on 22 December 2021 signed the Power Purchase Agreement for Large Scale Solar (“PPA”) with Sabah Electricity Sdn Bhd (“SESB”).
NSSB will design, construct, test, commission, own, operate and maintain a solar photovoltaic energy generating facility with the capacity of 5.9 Megawatt alternating current ("MWac") proposed located in Tawau, Sabah ("Facility") for connection to SESB's medium voltage Distribution Network at PPU Sri Indah to generate and deliver solar photovoltaic energy to SESB.
The PPA governs the obligations of NSSB and SESB to sell and purchase the energy generated by the Facility for a period of 21 years from the commercial operation date which is expected on 30 June 2023, in accordance with the agreed terms and conditions as stipulated in the PPA.
The signing of the PPA will not have any material impact on the earnings and net assets of Gadang Group for the financial year ending 31 May 2022. However, the PPA is expected to contribute positively to the future earnings of Gadang Group.
None of the Directors or major shareholders of Gadang and persons connected to them has any interest, direct or indirect, in the PPA.
The Board of Directors of Gadang is of the opinion that the execution of the PPA is in the best interest of Gadang Group.
This announcement is dated 22 December 2021.
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2021-12-21 18:34 | Report Abuse
The Board of Directors of CTOS wishes to inform that CTOS Data Systems Sdn Bhd (“CTOS Data Systems”), a wholly-owned subsidiary of the Company, had on 21st December 2021 received a letter from Bank Negara Malaysia (“BNM”) dated 17th December 2021, stating that the fee waiver for Central Credit Reference Information System (“CCRIS”) report extractions which would be due to expire on 31st December 2021 will be extended until 31st December 2022.
The estimated rebates given to CTOS’ customers arising from the CCRIS fee waiver are expected to be more than 10% of last year’s consolidated revenue. Similarly, as in the current financial year, CTOS does not expect any material impact on the profitability for the financial year ending 31st December 2022, from this CCRIS fee waiver extension.
This announcement is dated 21st December 2021.
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2021-12-17 17:27 | Report Abuse
Gadang Holdings Berhad (“Gadang” or “Company”) is pleased to announce that its wholly-owned subsidiary, Gadang Engineering (M) Sdn Bhd (“GESB”), has secured a RM131,370,711.16 subcontract works from Binary Vista Sdn Bhd to undertake geotechnical, drainage and structural works for Central Spine Road, Pakej 2 (“Subcontract”).
The Subcontract is for a duration of 30 months and shall be completed by the second quarter of 2024.
The Subcontract is expected to contribute positively to the earnings and net assets of Gadang Group for the financial year ending 31 May 2022 and onwards, during the duration of the Subcontract.
The risks factors affecting the Subcontract comprise mainly the normal operational and execution risks which the Group would take appropriate measures to address them.
None of the directors or major shareholders of Gadang or persons connected with them has any interest, whether direct or indirect, in the Subcontract.
This announcement is dated 17 December 2021.
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2021-04-14 13:07 | Report Abuse
Ex date for bonus shares and free warrant is 27 april 2021
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2021-03-07 15:40 | Report Abuse
Solarvest
Estimated Timeframe for Completion
February 2021 : EGM to approve the proposals
February 2021: Announcement of the Warrants Entitlement Date
March 2021 : Listing and quotation for the Warrants
April 2021 : Announcement of the Bonus Shares Entitlement Date
May 2021 : Listing and Quotation for the Bonus Shares and Additional Warrants
Barring any unforeseen circumstances and subject to the receipt of all relevant approvals, the proposals are expected to be completed by the first half of 2021.
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Stock: [CTOS]: CTOS DIGITAL BERHAD
2021-12-24 19:16 | Report Abuse
On behalf of the Board of Directors of CTOS Digital, Maybank Investment Bank Berhad wishes to announce that the Company proposes to undertake the Proposed Acquisition of Juris Technologies.
The Company is also proposing to undertake the following:
(i) Proposed Additional BOL Acquisition; and
(ii) Proposed General Mandate.
Please refer to the attachment for further details on the Proposals.
This announcement is dated 24 December 2021.