Announcements
Announcements
Date: 28 March 2017

OTHERS Cypark Secures Three Contracts for Operation of the Leachate Treatment Plants for Landfills in Negeri Sembilan and Pahang


Type Announcement
Subject OTHERS
Description Cypark Secures Three Contracts for Operation of the Leachate Treatment Plants for Landfills in Negeri Sembilan and Pahang

The Board of Directors of Cypark Resources Berhad ("the Company" or "CRB") wishes to announce that the Company had on 24 March 2017 accepted three (3) Letters of Award from Jabatan Pengurusan Sisa Pepejal Negara, all dated 17 March 2017, in respect of the following contracts (collectively referred to "the Works") at a total sum of RM28,475,840.00 (Ringgit Malaysia: Twenty Eight Million Four Hundred and Seventy Five Thousand Eight Hundred and Forty) only ("Contract Sum"):-

 

Project Contract value (RM) Contract period
"Pengoperasian Loji Rawatan Leachate (LTP) Bagi Tapak Pelupusan Pajam (Nilai) Negeri Sembilan" 12,148,660/- Five (5) years commencing from 3 April 2017 to 2 April 2022
"Pengoperasian Loji Rawatan Leachate (LTP) Bagi Tapak Pelupusan Bukit Palong (Port Dickson) Negeri Sembilan" 11,374,860/- Five (5) years commencing from 3 April 2017 to 2 April 2022
"Pengoperasian Loji Rawatan Leachate (LTP) Bagi Tapak Pelupusan Jabor-Jerangau (Kuantan) Pahang" 4,952,320/- Two (2) years commencing from 3 April 2017 to 2 April 2019

 

There are no major risks in relation to the Works, save for the normal construction risk of material price and labour cost fluctuations which are already covered by the Contract Sum.

 

The Directors of CRB are of the opinion that the Works are in the best interest of CRB. The Works are expected to contribute positively to the earnings of CRB and would not have any effect on the share capital or shareholdings of the substantial shareholders.

 

None of the Directors, major shareholders or persons connected with the Directors and/or major shareholders of CRB has any interest, direct or indirect, in the Works.

 

This announcement is dated 28 March 2017.





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