AWC

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OTHERS AWC BERHAD ("AWC" OR "THE COMPANY") - LETTER OF AWARD ("LOA") FROM MMC GAMUDA KVMRT (PDP SSP) SDN. BHD. ("MMC GAMUDA") TO TRACKWORK & SUPPLIES SDN. BHD. ("TSSB"), A SUBSIDIARY OF THE COMPANY FOR THE SUPPLY OF RAIL GRINDING SERVICE AT PHASE 1 MAINLINE FOR PROJEK MASS RAPID TRANSIT LALUAN 2: SG BULOH - SERDANG - PUTRAJAYA

AWC BERHAD

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

-	LETTER OF AWARD ("LOA") FROM MMC GAMUDA KVMRT (PDP SSP) SDN. BHD. ("MMC GAMUDA") TO TRACKWORK & SUPPLIES SDN. BHD. ("TSSB"), A SUBSIDIARY OF THE COMPANY FOR THE SUPPLY OF RAIL GRINDING SERVICE AT PHASE 1 MAINLINE FOR PROJEK MASS RAPID TRANSIT LALUAN 2: SG BULOH - SERDANG - PUTRAJAYA

1. INTRODUCTION

 

The Board of Directors of AWC is pleased to announce that TSSB had on today, 5 January 2021, accepted the LOA from MMC Gamuda for the supply of rail grinding service at Phase 1 Mainline (“Works”) for Projek Mass Rapid Transit Laluan 2: Sg Buloh – Serdang – Putrajaya (“Extension of Works”).

 

 

2. DETAILS OF EXTENSION OF WORKS

 

The Extension of Works shall commence from 17 December 2020 until 30 April 2021.

 

The scope of works of the Extension of Works comprising of:-

  • Initial Rail Grinding for Phase 2 – ET Testing Section (Serdang Raya North Station V205 to Taman Putra Permai Station V208).
  • Final Rail Grinding for Phase 1 – V201-V203 A, Spur Line and Migration Area.

 

The contract sum for the Extension of Works are RM2,439,030.00 for Initial Rail Grinding for Phase 2 and RM1,516,358.00 for Final Rail Grinding for Phase 1.

 

 

3. RISK FACTORS

 

The Extension of Works is in the ordinary course of business of TSSB. The potential risks involved in this Extension of Works are considered normal operational risks, and are the same with any other works of such nature undertaken.

 

 

4. FINANCIAL EFFECTS

 

The Extension of Works is expected to contribute positively to the earnings of the AWC Group over the duration of Extension of Works.

 

 

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 Extension of Works.

 

 

6. STATEMENT OF DIRECTORS

 

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

 

This announcement is dated 5 January 2021.






Announcement Info

Company Name AWC BERHAD
Stock Name AWC
Date Announced 05 Jan 2021
Category General Announcement for PLC
Reference Number GA1-04012021-00026