We refer to Bursa Malaysia Securities Berhad's letter dated 4 August 2006 and wish to announce the status of progress of the Ventures of SunCon Group, details as set out in Table 1 below.
This announcement is dated 17 May 2018.
Table 1
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Date of First Announcement
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Subject Matter
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Status
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26.09.2016
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Sunway Construction Sdn Bhd (“SCSB”), a wholly-owned subsidiary of SunCon, had on 26 September 2016 accepted the Letter of Intent issued by Sunway Iskandar Sdn Bhd, a subsidiary of Sunway Berhad, which in turn is SunCon’s holding company, for the Earthworks & Main Building Works for the Design and Build of the Proposed Commercial Development for Plot F19 & F20 Sunway Iskandar on the land held under PTD 200695 & 200696, Medini Zone F, Medini Iskandar Malaysia, Mukim Pulai, Daerah Johor Bahru, for a contract sum of RM100,000,000.00.
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Preliminary works have commenced in 1Q 2017 pending finalisation of design.
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12.10.2017
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Sunway Concrete Products (S) Pte Ltd, an indirect wholly-owned subsidiary of SunCon, had on 12 October 2017 accepted the Letter of Intent issued by Chiu Teng Construction Co. Pte Ltd in respect of the supply and delivery of precast components for the Building Works at Clementi Neighbourhood 2 Contract 3 with total of 1,179 Dwelling Units for a total contract sum of S$20,884,130.00.
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Work has not commenced.
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14.11.2017
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TAISEI-SUNWAY Joint Venture, an unincorporated joint venture formed between TAISEI Corporation and Sunway Construction Sdn Bhd, a wholly-owned subsidiary of SunCon, had on 14 November 2017 accepted the Letter of Acceptance issued by Nippon Express (Malaysia) Sdn Bhd (“Nippon Express”) in respect of the design and build works for Nippon Express’ new warehouse located at Section 21, Shah Alam for a total contact sum of RM139,829,624.
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Work has not commenced.
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04.12.2017
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Sunway Construction Sdn Bhd, a wholly-owned subsidiary of SunCon, had on 29 November 2017 entered into a pre-bid agreement with IJM Construction Sdn Bhd, Maltimur Resources Sdn Bhd and Jalinan Rejang Sdn Bhd (collectively referred to as “Parties”) to work with each other on an exclusive basis to participate in the tender for the Project Delivery Partner for the project known as “Kuala Lumpur - Singapore High Speed Rail”.
The Parties have set up a consortium on a 25:25:25:25 basis known as IJM Construction Sdn Bhd - Jalinan Rejang Sdn Bhd - Maltimur Resources Sdn Bhd - Sunway Construction Sdn Bhd Consortium for the submission of the tender and to undertake the Project in the event the bid is successful.
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Tender for the Project was not successful.
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30.01.2018
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Sunway Concrete Products (S) Pte Ltd, an indirect wholly-owned subsidiary of SunCon, has on 30 January 2018 entered into a Joint Venture Agreement (“JV Agreement”) with HL Building Materials Pte Ltd, a subsidiary of Hong Leong Asia Ltd. Under the JV Agreement, a joint venture company has been established to tender for the lease of land in Singapore from the Building and Construction Authority.
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Tender has been submitted and the result of the award is pending.
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27.02.2018
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Sunway Construction Sdn Bhd (“SCSB”), a wholly-owned subsidiary of SunCon, has on 27 February 2018, accepted the Letter of Award issued by SA Architects Sdn Bhd, on behalf of Sunway REIT Management Sdn Bhd, which acts as the Manager for Sunway Real Estate Investment Trust (“Sunway REIT”), appointing SCSB as the project delivery partner for the planning, coordination, construction and completion of the proposed expansion of a 9-storey commercial development to the existing Sunway Carnival Shopping Mall consisting of 3-storey retail, sub-basement retail, 6 storey podium carpark and basement carpark situated on Lot No. 5493, 5497, 5498, 5499 and 10299, Mukim 1, Pusat Bandar Seberang Jaya, Seberang Perai Tengah, Pulau Pinang for a total contract sum of RM274,000,000.
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Work has not commenced.
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