Date: 24 January 2017

OTHERS Cypark Secures New Landfill Closure and Restoration Contract

Type Announcement
Subject OTHERS
Description Cypark Secures New Landfill Closure and Restoration Contract

The Board of Directors of Cypark Resources Berhad ("the Company" or "CRB") wishes to announce that the Company had on 23 January 2017 received a Letter of Award dated 18 January 2017 from Jabatan Pengurusan Sisa Pepejal Negara in respect of a contract for "Cadangan Merekabentuk, Membina dan Menyiapkan Projek Penutupan Selamat Tapak Pelupusan Sisa Pepejal Pajam, Nilai, Negeri Sembilan" ("the Works"). The total contract value is RM15,192,980.00 (Ringgit Malaysia: Fifteen Million One Hundred and Ninety Two Thousand Nine Hundred and Eighty only), inclusive of 6% Goods and Services tax.


The completion date of the project is on 3 April 2018, which is 60 weeks from the date of site possession on 7 February 2017.


The Works is expected to contribute positively to the earnings and net assets of CRB for the financial year ending 31 October 2017.


The Works will further strenghthen the Company's position as one of Malaysia's leading specialists in solid waste management and integrated environmental solution.


None of the Directors or Major Shareholders of CRB and persons connected with them has any interest, direct or indirect, in the Works.


This announcement is dated 24 January 2017.