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OTHERS LETTER OF ACCEPTANCE FROM THE MINISTRY OF EDUCATION ("MoE")

PELANGI PUBLISHING GROUP BHD.

Type Announcement
Subject OTHERS
Description
LETTER OF ACCEPTANCE FROM THE MINISTRY OF EDUCATION ("MoE")

The Board of Directors of Pelangi Publishing Group Berhad (“the Company”) is pleased to announce that the Company’s wholly owned subsidiary, Penerbitan Pelangi Sdn. Bhd. has received the Letter of Acceptance dated 30 May 2019 from the MoE on 31 May 2019 as it has been awarded for the following tender at a total contract value approximately RM240,090.00:

 

"SEBUT HARGA BAGI BUKU TEKS KURIKULUM STANDARD KELAS PERALIHAN PEMBEKALAN MULAI TAHUN 2019 (KEGUNAAN MULAI TAHUN 2020) JUDUL: BAHASA CINA KELAS PERALIHAN NO. SEBUT HARGA: QT190000000045640”

 

The tender shall remain valid for thirty-six months (36) or such extended period as agreed in writing by the parties.

 

2.         Financial Effects

 

The Contract will not have any material effect on the earnings and net assets of the Company for the financial year ending 30 September 2019. The Contract is only expected to contribute positively to the earnings and net assets of the Company for the financial year ending 30 September 2020 onwards, during the duration of the Contract. 

 

3.         Risk Factors

 

The Company does not foresee any exceptional risk other than the normal operational risks associated with the Contract.  The Company will take the necessary steps to mitigate the risks as and when they occur.

 

4.         Directors’ and/or Major Shareholders’ Interest

 

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

 

5.         Directors’ Statement

 

The Board of Directors of the Company is of the opinion that the Contract is in the ordinary course of business and in the best interest of the Company.


This announcement is dated 31 May 2019.






Announcement Info

Company Name PELANGI PUBLISHING GROUP BHD.
Stock Name PPG
Date Announced 31 May 2019
Category General Announcement for PLC
Reference Number GA1-31052019-00011