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SURIA

1.370

-0.01 (-0.7%)

OTHERS CLARIFICATION ON NEWS PUBLISHED ON 5TH AND 6TH SEPTEMBER 2019 REGARDING SURIA CAPITAL SEEKING TARIFF HIKE FOR SABAH PORTS

SURIA CAPITAL HOLDINGS BERHAD

Type Announcement
Subject OTHERS
Description
CLARIFICATION ON NEWS PUBLISHED ON 5TH AND 6TH SEPTEMBER 2019 REGARDING SURIA CAPITAL SEEKING TARIFF HIKE FOR SABAH PORTS

We wish to clarify on the news published on 5th and 6th of September 2019 regarding Suria Capital Holdings Berhad’s application for port tariffs hike.

 

Sabah Ports Sdn Bhd (“SPSB”) is a wholly-owned subsidiary of Suria Capital Holdings Berhad (“Suria”) and operates eight (8) ports in Sabah. SPSB adopts existing applicable Tariff that has remained largely unchanged since the original enactment of the Sabah Ports Authority (Scale of Dues and Charges) Regulations, 1977.

 

To be in line with the current operating environment, to cater for the provision of new services and facilities and to comply with the latest ports’ regulations, SPSB is looking into the application for the revision of its port tariffs. The submission of the proposal on port tariffs revision will have to go through the due process and eventually to the State’s Authorities for approval.

 

As the proposed scale and quantum of the proposed new port tariffs is subject to the approval of the State’s Authorities, the timeline for implementation will only be announced when the final approval is obtained.

 

Dated: 6 September 2019




Please refer attachment below.



Announcement Info

Company Name SURIA CAPITAL HOLDINGS BERHAD
Stock Name SURIA
Date Announced 06 Sep 2019
Category General Announcement for PLC
Reference Number GA1-06092019-00031