AWC

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OTHERS AWC BERHAD ("AWC" OR "THE COMPANY") - LETTER OF ACCEPTANCE ("LOA") FROM KEMENTERIAN KESIHATAN MALAYSIA ("KKM") TO AMBANG WIRA SDN. BHD. ("AWSB"), A WHOLLY-OWNED SUBSIDIARY OF THE COMPANY TO PROVIDE HOSPITAL SUPPORT SERVICES FOR SHAH ALAM HOSPITAL, SELANGOR ("CONTRACT")

AWC BERHAD

Type Announcement
Subject OTHERS
Description
AWC BERHAD ("AWC" OR "THE COMPANY") 

-	LETTER OF ACCEPTANCE ("LOA") FROM KEMENTERIAN KESIHATAN MALAYSIA ("KKM") TO AMBANG WIRA SDN. BHD. ("AWSB"), A WHOLLY-OWNED SUBSIDIARY OF THE COMPANY TO PROVIDE HOSPITAL SUPPORT SERVICES FOR SHAH ALAM HOSPITAL, SELANGOR ("CONTRACT")

1. INTRODUCTION

 

The Board of Directors of AWC is pleased to announce that a tender submitted by AWSB for the hospital support services (“the Services”) for Shah Alam Hospital has been accepted by KKM and AWSB had on today, 9 December 2020, accepted the LOA from KKM.

 

 

2. DETAILS OF CONTRACT

 

The contract period shall be five (5) years commencing from 1 January 2021 to 31 December 2025 (“Contract Period”).

 

The fees for the Services is RM107,887,391.33 for the Contract Period.

 

 

3. RISK FACTORS

 

The potential risks involved in this Contract are considered normal operational risks, and are the same with all our maintenance projects undertaken.

 

 

4. FINANCIAL EFFECTS

 

The Contract is expected to contribute positively towards the future earnings of the AWC Group over the duration of the Contract.

 

 

5. DIRECTORS’ AND MAJOR SHAREHOLDERS’ INTEREST

 

None of the Directors, major shareholder of AWC and/or persons connected with them have any interest, whether direct or indirect, in the Contract.

 

 

6. STATEMENT OF DIRECTORS

 

The Board of Directors of the Company is of the opinion that the Contract is in the ordinary course of business and is in the best interests of the Company.

 

This announcement is dated 9 December 2020.






Announcement Info

Company Name AWC BERHAD
Stock Name AWC
Date Announced 09 Dec 2020
Category General Announcement for PLC
Reference Number GA1-08122020-00117