s reported earlier, Pakatan Harapan lawmakers had also exposed the existence of an extensive feasibility study by HSS Engineers Bhd, which had estimated the cost of the project to be less than RM30 billion. (ECR)
OTHERS HSS Engineers Berhad ("the Company") - Notice of Arbitration Dated 22 December 2016 pertaining to Memorandum of Agreement dated 13 April 2010 ("MOA") between Malaysia Airports Holdings Berhad ("MAHB") and HSS Integrated Sdn. Bhd. ("HSSI") for the Proposed Development of New LCC Terminal and Associated Works at KL International Airport, Sepang, Selangor Work Package EW-02: Site Preparation, Earthworks and Main Drainage (Airside)
HSS ENGINEERS BERHAD
Type Announcement Subject OTHERS Description HSS Engineers Berhad ("the Company") - Notice of Arbitration Dated 22 December 2016 pertaining to Memorandum of Agreement dated 13 April 2010 ("MOA") between Malaysia Airports Holdings Berhad ("MAHB") and HSS Integrated Sdn. Bhd. ("HSSI") for the Proposed Development of New LCC Terminal and Associated Works at KL International Airport, Sepang, Selangor Work Package EW-02: Site Preparation, Earthworks and Main Drainage (Airside) “Unless otherwise stated, the terms used in this announcement shall carry the same meaning as defined in the Company's announcements dated 22 December 2016, 23 December 2016 and 4 January 2017.”
Further to the announcements made by the Company on 22 December 2016, 23 December 2016 and 4 January 2017, the Board of Directors of the Company (“Board”) wishes to announce that:
1. Pursuant to the parties’ mediation proceeding, MAHB and HSSI have agreed, on a without admission of liability basis, to a full and final settlement of Ringgit Malaysia One Million and Five Hundred Thousand (RM1,500,000.00) towards all MAHB’s claims against HSSI arising out of the subject matter of MAHB’s claim under the parties’ mediation proceeding and the Notice of Arbitration;
2. HSSI has remitted, via electronic transfer, Ringgit Malaysia One Million and Five Hundred Thousand (RM1,500,000.00) only to MAHB, and upon receipt of the monies, MAHB agrees to withdraw the Notice of Arbitration against HSSI; and
3. The agreed settlement is borne by HSSI’s insurer pursuant to its professional indemnity insurance policy, save for an excess amount of Ringgit Malaysia One Hundred and Fifty Thousand (RM150,000.00) only to be contributed by HSSI under the terms of the insurance coverage.
Based on the above, the Board is of the view that the agreed settlement will not have any material impact on the financial and operational position, order book and future earnings of the Group.
3. The agreed settlement is borne by HSSI’s insurer pursuant to its professional indemnity insurance policy, save for an excess amount of Ringgit Malaysia One Hundred and Fifty Thousand (RM150,000.00) only to be contributed by HSSI under the terms of the insurance coverage.
3. The agreed settlement is borne by HSSI’s insurer pursuant to its professional indemnity insurance policy, save for an excess amount of Ringgit Malaysia One Hundred and Fifty Thousand (RM150,000.00) only to be contributed by HSSI under the terms of the insurance coverage. ---> pay Rm150K only. The rest paid by insurance la... pls read carefully. It's immaterial
HEB wishes to announce that its associate company, HSS Integrated Sdn Bhd ("HSSI"), has on 3 April 2017 been appointed by MyHSR Corporation Sdn. Bhd. as the Reference Design Consultant 05 (RDC05) for the Kuala Lumpur – Singapore High Speed Rail (“Contract”).
Information on the Contract
The Contract is for a period of 12 months with a value of RM17,888,181.85 (exclusive of goods and services tax) and is expected to commence within the second quarter of 2017. Pursuant to the exclusive teaming arrangement between HSSI and HEB’s wholly-owned subsidiary, HSS Engineering Sdn Bhd ("HSSE"), HSSI and HSSE will be collaborating exclusively to execute and complete the Contract.
The Board of Directors of HEB is pleased to recommend a single tier final dividend of 0.63 sen per ordinary share in respect of the financial year ended 31 December 2016. The declaration of the single tier final dividend is subject to the approval of the Company's shareholders at the forthcoming Annual General Meeting of the Company.
If they can get to do the initial designing, they can get lot more.....various jobs.....both project will start simultaneously will be perfect run ....with transfer to main market.
On behalf of the Board of Directors of the Company (“Board”), M&A Securities Sdn Bhd wishes to announce that HEB proposes to undertake the following:
Proposed transfer of the listing of and quotation for the entire issued share capital of the Company from the ACE Market to the Main Market of Bursa Malaysia Securities Berhad (“Bursa Securities”) (“Proposed Transfer”); and Proposed amendments to the Articles of Association of the Company to facilitate the implementation of the Proposed Transfer (“Proposed Amendments”). The Proposed Transfer and Proposed Amendments are collectively referred to as the “Proposals”.
Further details of the Proposals are set out in the attachment.
EX-date 03 May 2017 Entitlement date 05 May 2017 Entitlement time 05:00 PM Entitlement subject Final Dividend Entitlement description Single tier final dividend of 0.63 sen per ordinary share for the financial year ended 31 December 2016 Period of interest payment to Financial Year End 31 Dec 2016 Share transfer book & register of members will be to closed from (both dates inclusive) for the purpose of determining the entitlement Registrar or Service Provider name, address, telephone no TRICOR INVESTOR & ISSUING HOUSE SERVICES SDN BHD Unit 32-01, Level 32, Tower A, Vertical Business Suite, Avenue 3, Bangsar South, No. 8, Jalan Kerinchi 59200 Kuala Lumpur Tel:0327839299 Fax:0327839222 Payment date 31 May 2017 a.Securities transferred into the Depositor's Securities Account before 4:00 pm in respect of transfers 05 May 2017
This book is the result of the author's many years of experience and observation throughout his 26 years in the stockbroking industry. It was written for general public to learn to invest based on facts and not on fantasies or hearsay....
projecti2016
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Posted by projecti2016 > 2017-03-30 11:28 | Report Abuse
park in at 0.75