The Board of Directors of WCT Holdings Berhad (“WCT” or “the Company”) is pleased to announce that its wholly-owned subsidiary, WCT Berhad (“WCTB”) has in joint-venture with KKB Engineering Berhad (Company No. 26495-D), a company incorporated in Sarawak, Malaysia (“KKB”) [the “Joint Venture”] (on an 30:70 incorporated joint venture basis), on 25 July 2016 accepted the Letter of Award from Lebuhraya Borneo Utara Sdn. Bhd. (“the Owner”) to undertake and complete the “Proposed development and upgrading of Pan Borneo Highway in the State of Sarawak, Malaysia -Phase 1 (Works Package Contract – WPC-09 : Sungai Arip Bridge to Bintulu Airport Junction) (Contract No. PDP/PBHS/ABJ/2016/WPC-09)” [collectively referred as “the Contract”].
(2) CONTRACT SUM
The Contract Sum is RM 1,289,080,000.00 (Ringgit Malaysia One Billion Two Hundred Eighty Nine Million and Eighty Thousand only).
(3) SCOPE OF WORKS
The scope of works for the Contract generally includes piling works, civil works which includes demolition & site clearance, earthworks, geotechnical works, drainage work, roads & pavings, road furniture, miscellaneous works, lay-by & associated works, interchanges, bridge works, environmental protection & monitoring, traffic management & control, M&E and electrical infra works, relocation of existing utilities & services, routine maintenance during construction and defects liability period.
(4) CONTRACT DURATION
The works under the Contract are expected to be completed in 51 months from the date of the Letter of Award.
(5) THE JOINT VENTURE
The Joint Venture will be an incorporated joint venture between WCTB and KKB in the ratio of 30:70 respectively.
(6) FINANCIAL EFFECTS
The Contract is expected to contribute positively to the Group’s future earnings and net assets.
(7) DIRECTORS' AND/OR MAJOR SHAREHOLDERS’ INTERESTS
The Directors and major shareholders of the Company and persons connected with them do not have any interest, direct or indirect, in the award of the Contract.
(8) APPROVALS REQUIRED
The award of the Contract is not subject to the approval of shareholders of the Company or any governmental or statutory authorities.
(9) STATEMENT BY DIRECTORS
The Directors of the Company are of the opinion that the acceptance of the award of the Contract is in the best interest of the Company.
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Posted by ANYU > 2016-07-22 10:38 | Report Abuse
加油。。。。。。。