IREKA

0.300

-0.005 (-1.6%)

OTHERS LETTER OF AWARD

IREKA CORPORATION BERHAD

Type Announcement
Subject OTHERS
Description
LETTER OF AWARD

The Board of Ireka Corporation Berhad (“ICB”) is pleased to announce that its wholly-owned subsidiary company, Ireka Engineering & Construction Sdn Bhd ("IECSB"), has on 25 June 2020 accepted a Letter of Award from Messrs Regency Specialist Hospital Sdn Bhd (“the Employer”) for the “Main Building Works for the Construction and Completion of 10 Storey Hospital Extension Block comprising of:

a) 1 storey lower ground carpark and hospital facilities floor (Level 1)

b) 1 storey mezzanine carpark (Level 1M)

c) 1 storey carpark, main lobby and hospital facilities floor (Level 2)

d) 1 storey hospital facilities (Level 3)

e) 3 storey medical suites (Level 4, 5 & 6)

f) 3 storey hospital wards (Level 7, 8 & 9)

at PTD 111517, Bandar Baru Seri Alam, Mukim Plentong, Daerah Johor Bahru, Johor Darul Takzim for Messrs Regency Specialist Hospital Sdn Bhd” (“the Contract”).

The acceptance by IECSB of the Contract was confirmed and agreed by the Employer on 29 June 2020.

The Contract value shall be RM163,900,000.00. The contract period shall be eighteen (18) months, commencing on 1 July 2020 and to be completed on 31 December 2021.

The above Contract is expected to contribute positively to the earnings of ICB Group for the financial years ending 31 March 2021 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 29 June 2020.






Announcement Info

Company Name IREKA CORPORATION BERHAD
Stock Name IREKA
Date Announced 29 Jun 2020
Category General Announcement for PLC
Reference Number GA1-29062020-00095