The Board of Ireka Corporation Berhad (“ICB”) is pleased to announce that its wholly-owned subsidiary company, Ireka Engineering & Construction Sdn Bhd, has on 26 April 2018 accepted a Letter of Award from Pantai Hospital Ayer Keroh for the “Proposed construction of additional 1-storey basement and 8-storey hospital and refurbishment of existing hospital building including the  mechanical and electrical rooms at Lot GM 263 Lot 2417 and GM 2887 Lot 9302 (old Lot HSM 3442 Lot PT 5552), Mukim Bukit Baru, Daerah Melaka Tengah, Hang Tuah Jaya, Melaka - Phase 2A - Pantai Hospital Ayer Keroh, Melaka” (“the Contract”).

The contract sum shall be Fixed Price Lump Sum of RM91,959,907.60 (excluding Goods and Services Tax). The contract period shall be 24 months and to be completed on 15 April 2020.

The above Contract is expected to contribute positively to the earnings of ICB Group for the financial years ending 31 March 2019 onwards.

The Company does not foresee any exceptional risk other than normal operational risk associated with the Contract.

Barring unforeseen circumstances, the Board of ICB is of the opinion that the acceptance of the Contract is in the best interest of ICB Group.

None of the Directors or major shareholders of ICB, or persons connected with them, has any interest, direct or indirect, in the Contract.

This announcement is dated 26 April 2018.