OTHERS STELLA HOLDINGS BERHAD ("STELLA" or "the Company") - Mewah Kota Sdn Bhd, a wholly-owned subsidiary of the Company has received a Letter of Acceptance from Pengurusan Aset Air Berhad
STELLA HOLDINGS BERHAD |
Type | Announcement |
Subject | OTHERS |
Description | STELLA HOLDINGS BERHAD ("STELLA" or "the Company") - Mewah Kota Sdn Bhd, a wholly-owned subsidiary of the Company has received a Letter of Acceptance from Pengurusan Aset Air Berhad |
Introduction The Board of Directors of Stella Holdings Berhad is pleased to announce that Mewah Kota Sdn Bhd, a wholly-owned subsidiary of the Company has on 8 August 2022 accepted a Letter of Acceptance from Pengurusan Aset Air Berhad (“PAAB”) in respect of the project “Cadangan Menambahbaik Sistem Agihan di Parit Markom & Benut di Daerah Pontian, Kg Maju Jaya di Daerah Johor Bahru, Pasir Gogok di Daerah Kota Tinggi dan Cadangan Membaikpulih Tangki Larkin Perdana di Daerah Johor Bahru; Pakej 2: Cadangan Menambahbaik Sistem Agihan di Kg Maju Jaya, Johor Bahru dan Parit Markom, Pontian” (“the Contract”). Salient Terms of the Contract The total contract sum is Ringgit Malaysia Thirty Three Million Eight Hundred Eighty Three Thousand (RM33,883,000.00) only. The Contract is for a period of eighteen (18) months and the date of completion shall be on 18 March 2024. Financial Effects The Contract is expected to contribute positively to the earnings of Stella Group for the relevant financial periods within the duration of the Contract. The Contract will not have any effect on the share capital and shareholding structure of Stella. Risks The risk factors affecting the Contract includes changes in economic, political and regulatory environment and general operational risks. The Group will take appropriate measures to mitigate such risks. Directors’ and/or Major Shareholders’ Interest None of the directors and/or major shareholders of the Company and/or persons connected with them has any interest, whether direct or indirect in the Contract. This announcement is dated 8 August 2022. |
Announcement Info
Company Name | STELLA HOLDINGS BERHAD |
Stock Name | STELLA |
Date Announced | 08 Aug 2022 |
Category | General Announcement for PLC |
Reference Number | GA1-08082022-00058 |