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+0.015 (+4.8%)

OTHERS TRC Synergy Berhad's Subsidiary Secure New Project


Type Announcement
Subject OTHERS
TRC Synergy Berhad's Subsidiary Secure New Project

TRC Synergy Berhad (“the Company”)  is pleased to announced that its wholly-owned subsidiary, Trans Resources Corporation Sdn Bhd ("TRC") had on 17 October 2019 received the Letter of Acceptance from Prasarana Malaysia Berhad, in relation to the contract known  as " Proposed Design, Construction and Completion of New Prasarana’s Headquaters Building at Lot PT 9579, Lembah Subang, Mukim Damansara, Daerah Petaling, Selangor Darul Ehsan (Contract No. : PRASARANA/LGCD/CTT/2.0753/2019)" for a Contract Sum of RM99,500,000.00 ("the Project").


The Project will not have any effect on the issued and paid-up share capital, substantial shareholders' shareholdings, net assets per share and gearing of the Company and its subsidiaries ("TRC Group").


Barring unforeseen circumstances, the Board of Directors of the Company ("the Board") is of the opinion that the Project will contribute positively to the earnings and earnings per share of the TRC Group in the future.


None of the Directors of the Company, its substantial shareholders or person connected with Directors and substantial shareholders have any interest in the Project.


The Board, after having considered all aspects of the offer is of the opinion that the Project is in the best interest of the TRC Group.


The Letter of Acceptance available for inspection at the registered office of the Company during office hours from Monday to Friday at TRC Business Centre, Jalan Andaman Utama, 68000 Ampang, Selangor Darul Ehsan, Malaysia for a period of three (3) months from the date of this announcement.


This announcement is dated 21 October 2019.

Announcement Info

Stock Name TRC
Date Announced 21 Oct 2019
Category General Announcement for PLC
Reference Number GA1-21102019-00034