GAMUDA

5.270

(%)

OTHERS GAMUDA BERHAD ("GAMUDA" OR "COMPANY") DISPOSAL OF ALL THE SECURITIES IN: (I) KESAS SDN BHD ("KESAS"); (II) SISTEM PENYURAIAN TRAFIK KL BARAT SDN BHD ("SPRINT"); (III) LINGKARAN TRANS KOTA SDN BHD ("LITRAK"); AND (IV) SYARIKAT MENGURUS AIR BANJIR & TEROWONG SDN BHD ("SMART"); TO AMANAT LEBUHRAYA RAKYAT BERHAD ("ALR"). (COLLECTIVELY REFERRED TO AS THE "DISPOSALS") - REQUEST FOR EXTENSION OF WARRANTY CLAIM PERIOD BY ALR AND PAYMENT OF NET RETENTION SUM

GAMUDA BERHAD

Type Announcement
Subject OTHERS
Description
GAMUDA BERHAD ("GAMUDA" OR "COMPANY")

DISPOSAL OF ALL THE SECURITIES IN:
(I)	KESAS SDN BHD ("KESAS");
(II)	SISTEM PENYURAIAN TRAFIK KL BARAT SDN BHD ("SPRINT");
(III)	LINGKARAN TRANS KOTA SDN BHD ("LITRAK"); AND
(IV)	SYARIKAT MENGURUS AIR BANJIR & TEROWONG SDN BHD ("SMART");
TO AMANAT LEBUHRAYA RAKYAT BERHAD ("ALR").
(COLLECTIVELY REFERRED TO AS THE "DISPOSALS")

-	REQUEST FOR EXTENSION OF WARRANTY CLAIM PERIOD BY ALR AND PAYMENT OF NET RETENTION SUM

The terms used herein shall, unless the context otherwise stated, bear the same meaning as those defined in the circular to the shareholders of Gamuda dated 12 July 2022 (“Circular”). Unless otherwise defined, capitalised terms used in this announcement shall have the same meanings as those defined in the Circular.

 

Reference is made to the Company’s announcement dated 13 October 2022 in relation to the completion of the Disposals.

 

The Board of Directors of Gamuda wishes to announce that Kesas Holdings Berhad, Sistem Penyuraian Trafik KL Barat Holdings Sdn Bhd and Lingkaran Trans Kota Holdings Berhad (collectively “Concession Holding Companies”) had on 31 January 2023 each received a letter dated 30 January 2023 from ALR requesting for an extension of the Warranty Claim Period (which had expired on 31 January 2023).

 

ALR has informed that due to the untimely demise of its late Chairman, Allahyarham Tan Sri Azlan Bin Mohd Zainol, on 12 January 2023, the ALR Board is presently inquorate pursuant to the Constitution of ALR.  As a result, the ALR Board is not in a position to decide on the Warranty Claims until a new shareholder/Director is appointed.

 

The board of directors of the Concession Holding Companies have responded to ALR that they are agreeable to provide an indulgence of an additional month (i.e. up to 28 February 2023) for ALR to finalise and submit their claims (if any) against Vendor’s Warranties.  However, that substantive end-date to which the events and/or terms that the claims relate to, remains to be 31 January 2023.

 

This announcement is dated 2 February 2023.






Announcement Info

Company Name GAMUDA BERHAD
Stock Name GAMUDA
Date Announced 02 Feb 2023
Category General Announcement for PLC
Reference Number GA1-02022023-00070