ANEKA

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OTHERS ANEKA JARINGAN HOLDINGS BERHAD ("ANEKA" OR "THE COMPANY") - LETTER OF AWARD

ANEKA JARINGAN HOLDINGS BERHAD

Type Announcement
Subject OTHERS
Description
ANEKA JARINGAN HOLDINGS BERHAD ("ANEKA" OR "THE COMPANY") 
- LETTER OF AWARD
Introduction

The Company is pleased to announce that its wholly-owned subsidiary, Aneka Jaringan Sdn Bhd,  has today accepted the Letter of Award from Nakano Construction Sdn Bhd (“Nakano Construction”), to be a sub-contractor to undertake the works in connection with Bored Piling, Spun Piling, RC Piles and Bakau Piles for the proposed construction of new logistic hub consists of 2 blocks of 4 storey warehouse with office at mezzanine floor, 1 block of 2 storey cafeteria, 2 units of guard houses, 1 unit of refuse chamber, 1 unit of 1 storey 11KV TNB substation, 2 units of utility buildings, on Lot 38271, No. 72, Persiaran Jubli Perak, Seksyen 22, 40000 Shah Alam, Selangor Darul Ehsan for Symphony Warehouse Sdn Bhd (“Symphony Warehouse”) (“Project”), for an estimated sub-contract sum of RM28,900,000.00 only, inclusive of all taxes and service charges (“Sub-Contract”).

The Sub-Contract forms part of the main contract for the Project, in respect of which Nakano Construction is the main contractor and Symphony Warehouse is the employer.

The Sub-Contract is to be completed by 15 March 2022.


Financial Effects

The Sub-Contract will not have any effect on the share capital and shareholding structure of the Company. The Sub-Contract, however, is expected to contribute positively to Aneka’s consolidated earnings and net assets for the financial year ending 31 August 2021 and onwards, during the duration of the Sub-Contract.


Risk Factors

The Company does not foresee any exceptional risks other than the normal operational risks associated with the Sub-Contract. The Company will take the necessary steps to mitigate the risks.


Directors’ and Major Shareholders’ Interest

None of the Directors and/or major shareholders and/or persons connected with them has any interest, direct or indirect, in the Sub-Contract.


Approvals Required

The Sub-Contract is in the ordinary course of business and is not subject to the approval of Aneka’s shareholders.


Statement by Directors

The Board of Directors of Aneka, having considered all aspects of the Sub-Contract, is of the opinion that the Sub-Contract is in the best interest of the Company.

This announcement is dated 25 March 2021.





Announcement Info

Company Name ANEKA JARINGAN HOLDINGS BERHAD
Stock Name ANEKA
Date Announced 25 Mar 2021
Category General Announcement for PLC
Reference Number GA1-25032021-00082