OTHERS AWC BERHAD ("AWC" OR "THE COMPANY") - LETTER OF AWARD ("LOA") FROM MMC GAMUDA KVMRT (PDP SSP) SDN. BHD. ("MMC GAMUDA") TO TRACKWORK & SUPPLIES SDN. BHD. ("TSSB"), A SUBSIDIARY OF THE COMPANY FOR THE SUPPLY OF RAIL GRINDING SERVICE AT PHASE 1 MAINLINE FOR PROJEK MASS RAPID TRANSIT LALUAN 2: SG BULOH - SERDANG - PUTRAJAYA
AWC BERHAD |
Type | Announcement |
Subject | OTHERS |
Description | AWC BERHAD ("AWC" OR "THE COMPANY") - LETTER OF AWARD ("LOA") FROM MMC GAMUDA KVMRT (PDP SSP) SDN. BHD. ("MMC GAMUDA") TO TRACKWORK & SUPPLIES SDN. BHD. ("TSSB"), A SUBSIDIARY OF THE COMPANY FOR THE SUPPLY OF RAIL GRINDING SERVICE AT PHASE 1 MAINLINE FOR PROJEK MASS RAPID TRANSIT LALUAN 2: SG BULOH - SERDANG - PUTRAJAYA |
1. INTRODUCTION
The Board of Directors of AWC is pleased to announce that TSSB had on today, 5 January 2021, accepted the LOA from MMC Gamuda for the supply of rail grinding service at Phase 1 Mainline (“Works”) for Projek Mass Rapid Transit Laluan 2: Sg Buloh – Serdang – Putrajaya (“Extension of Works”).
2. DETAILS OF EXTENSION OF WORKS
The Extension of Works shall commence from 17 December 2020 until 30 April 2021.
The scope of works of the Extension of Works comprising of:-
The contract sum for the Extension of Works are RM2,439,030.00 for Initial Rail Grinding for Phase 2 and RM1,516,358.00 for Final Rail Grinding for Phase 1.
3. RISK FACTORS
The Extension of Works is in the ordinary course of business of TSSB. The potential risks involved in this Extension of Works are considered normal operational risks, and are the same with any other works of such nature undertaken.
4. FINANCIAL EFFECTS
The Extension of Works is expected to contribute positively to the earnings of the AWC Group over the duration of Extension of Works.
5. DIRECTORS’ AND MAJOR SHAREHOLDERS’ INTEREST
None of the Directors, major shareholder of AWC and/or persons connected with them have any interest, whether direct or indirect, in the Extension of Works.
6. STATEMENT OF DIRECTORS
The Board of Directors of the Company is of the opinion that the Extension of Works is in the ordinary course of business and is in the best interests of the Company.
This announcement is dated 5 January 2021. |
Announcement Info
Company Name | AWC BERHAD |
Stock Name | AWC |
Date Announced | 05 Jan 2021 |
Category | General Announcement for PLC |
Reference Number | GA1-04012021-00026 |