INVESTOR RELATIONS

FORM OF NOTICE OF CONVERSION OF 5-YEAR 3.5% REDEEMABLE CONVERTIBLE UNSECURED LOAN STOCKS ("RCULS" OR "BARAKAH-LA")

BURSA ANNOUNCEMENTS
Date : 02 April 2004

ARTICLE ENTITLED : "WCT SECURES CONTRACTS IN BAHRAIN"

WCT ENGINEERING BERHAD

Type

Reply to query
Reply to Query Letter by KLSE reference IDKM-040401-51811
SubjectARTICLE ENTITLED : "WCT SECURES CONTRACTS IN BAHRAIN"

Contents :

We refer to your letter dated 1 April 2004 and the article appearing in Berita Harian page B3 on the same date.


We wish to inform that the WCT Group, of late, had not secured any new contracts in Bahrain other than what have been previously announced to the Exchange.

We wish to clarify that the “construction of three bridges in the city of Manama” as mentioned in the Berita Harian article refers to the contract for the Seef Flyover. The Company had on 28 April 2003 and 27 July 2003 announced that it had through its local joint venture company, K.A. Rahim Group - WCT W.L.L (formerly known as Khalid Abdulrahim Group WCT W.L.L.) secured and executed the contract of the Seef Flyover with the Ministry of Works and Housing, Kingdom of Bahrain. The value of the contract is estimated at RM102 million and not RM150 million as reported.

Meanwhile, we wish to deny that WCT, in partnership with Cebarco WLL, have secured the estimated RM180 million Durat highway project stretching 27km in Bahrain. The WCT-Cebarco WLL partnership, have submitted a tender for the said highway project and the tender is the lowest submitted. No formal award has been announced to date.

This announcement is dated 2 April 2004.

Query Letter Contents :

We refer to the above article appearing in Berita Harian, page B3 on Thursday,
1 April 2004, a copy of which is enclosed for your reference.
In particular, we would like to draw your attention to the underlined
sentences, which state the following:
WCT Engineering Bhd has secured two construction contracts worth RM330 million
in Bahrain.
The contracts involve the construction of three bridges in the city centre of
Manama and a 25-kilometer highway worth RM150 million and RM180 million
respectively.
In accordance with the Exchange's Corporate Disclosure Policy, you are
requested to furnish the Exchange with an announcement for public release
confirming or denying the above reported article and in particular the
underlined sentences after due and diligent enquiry with all the directors,
major shareholders and all such other persons reasonably familiar with the
matters about which the disclosure is to be made in this respect. In the event
you deny the above sentences or any other part of the above reported article,
you are required to set forth facts sufficient to clarify any misleading
aspects of the same. In the event you confirm the above sentences or any other
part of the above reported article, you are required to set forth facts
sufficient to support the same.







Please furnish the Exchange with your reply within one (1) market day from the
date hereof.

Yours faithfully


INDERJIT SINGH
Sector Head
Issues & Listing
Group Regulations
CKM



Announcement Info

Company NameWCT ENGINEERING BERHAD  
Stock Name WCT    
Date Announced2 Apr 2004  
CategoryGeneral Announcement
Reference NoWE-040402-37860

Back