Puncak wishes to inform the Exchange that its wholly-owned sub-subsidiary, TRIplc Medical Sdn Bhd ("TMSB") was awarded a concession to undertake the planning, finance, design, development, construction, landscaping, equipping, installation, completion, testing and commissioning of the facilities and infrastructure in relation to the Teaching Hospital and Medical Academic Centre at Universiti Teknologi Mara ("UiTM") Puncak Alam Campus and thereafter, to carry out the asset management services of the facilities and infrastructure in accordance with the terms and conditions of the Concession Agreement dated 18 February 2016 entered into between the Government of Malaysia represented by Ministry of Higher Education, UiTM and TMSB ("Concession Agreement"). The concession is for a period of 25 years commencing 11 April 2017; comprising of 3 years for construction  ("CA-Z1P3 Construction Contract of the Concession Agreement") and 22 years for asset management services.

On 21 May 2020, UiTM had vide its letter dated 19 May 2020 granted an extension of time of six (6) months from 10 April 2020 to 10 October 2020 for TMSB to complete the CA-Z1P3 Construction Contract of the Concession Agreement.

This announcement is dated 22 May 2020.