OTHERS KEJURUTERAAN ASASTERA BERHAD ("KAB" OR "THE COMPANY") - PRINCIPAL TERMS SHEET ENTERED INTO BY KAB SMART SOLAR ENERGY SDN. BHD. (FORMERLY KNOWN AS KAB CONSTRUCTION SDN. BHD.), A WHOLLY-OWNED SUBSIDIARY OF THE COMPANY WITH FT HOSE & HOSE SDN. BHD. AND LETTER OF AWARD BY MYDIN WHOLESALE EMPORIUM SDN. BHD.
| KEJURUTERAAN ASASTERA BERHAD |
| Type | Announcement | ||||||||||||
| Subject | OTHERS |
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| Description | KEJURUTERAAN ASASTERA BERHAD ("KAB" OR "THE COMPANY")
- PRINCIPAL TERMS SHEET ENTERED INTO BY KAB SMART SOLAR ENERGY SDN. BHD. (FORMERLY KNOWN AS KAB CONSTRUCTION SDN. BHD.), A WHOLLY-OWNED SUBSIDIARY OF THE COMPANY WITH FT HOSE & HOSE SDN. BHD. AND LETTER OF AWARD BY MYDIN WHOLESALE EMPORIUM SDN. BHD. |
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The Board of Directors of KAB wishes to announce that its wholly-owned subsidiary, KAB Smart Solar Energy Sdn. Bhd. (Formerly known as KAB Construction Sdn. Bhd.) ("KSSE") had on 8 July 2021 and 21 July 2021 entered into Principal Terms Sheet (“PTS”) with FT Hose & Hose Sdn. Bhd. (“FT Hose”) and received a Letter of Award (“LOA”) from Mydin Wholesale Emporium Sdn. Bhd. ("Mydin") respectively to procure, deliver, install, own and operate a Grid Connected Photovoltaic (GCPV) Solar System (“System”) with an estimated total capacity of 4,971 kWp.The details of PTS and LOA entered into were as follows:-
The PTS and LOA are expected to contribute positively to the future earnings of KAB for the duration of the contracts. There are no foreseeable significant risks other than normal business and operational risk associated with the PTS and/or the LOA. None of the Directors and/or major shareholders of the Company or persons connected with them, have any interest, direct or indirect, in the PTS and/or the LOA. This announcement is dated 26 July 2021. |
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Please refer attachment below.
Announcement Info
| Company Name | KEJURUTERAAN ASASTERA BERHAD |
| Stock Name | KAB |
| Date Announced | 26 Jul 2021 |
| Category | General Announcement for PLC |
| Reference Number | GA1-08072021-00041 |