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TRC

0.465

(%)

OTHERS WITHDRAWAL OF THE NOTICE OF TERMINATION BY PERBADANAN PUTRAJAYA

TRC SYNERGY BERHAD

Type Announcement
Subject OTHERS
Description
WITHDRAWAL OF THE NOTICE OF TERMINATION BY PERBADANAN PUTRAJAYA

Reference is made to the Company’s announcements dated 4 December 2015 and 28 February 2019 in respect to the appointment as developer and subsequent termination of Perumahan Penjawat Awam 1 Malaysia (PPA1M) Project Di Atas PT. 12837, Presint 18, Putrajaya, currently known as Pembangunan Perumahan Penjawat Awam Malaysia (PPAM – DALUR) (“the Project”), which was previously awarded to the Company’s wholly-owned subsidiary, TRC Land Sdn Bhd (“TRCL”), by Perbadanan Putrajaya (“PJC”).

 

TRCL was appointed as a developer for the Project for a gross development cost of RM292,741,302.

 

The Company wishes to announce that TRCL had on 25 September 2019 received a letter of withdrawal of the termination from PJC and therefore PJC and TRCL in principle agreed to resume the Project pursuant to the development agreement executed earlier by both parties, subject to the finalisation of certain terms such as the completion date of the Project.

 

The Company will make further announcement should there be any material development on this matter.

 

This announcement is dated 26 September 2019.






Announcement Info

Company Name TRC SYNERGY BERHAD
Stock Name TRC
Date Announced 26 Sep 2019
Category General Announcement for PLC
Reference Number GA1-26092019-00051