OTHERS PROGRESSIVE IMPACT CORPORATION BERHAD ("PICORP" OR "THE COMPANY") ACCEPTANCE OF LETTER OF AWARD (LOA) FOR DESIGN, CONSTRUCTION, COMPLETION, COMMISSIONING, TESTING AND HANDING OVER OF A NEW SEWERAGE TREATMENT PLANT OF 70,000 P.E (MODULE 1) ON PART OF LOT 45442, LOT 45366, LOT 45368 AND LOT 45369, PERSIARAN ISKANDAR SULTAN, BANDAR JOHOR BAHRU, DAERAH JOHOR BAHRU, NEGERI JOHOR DARUL TAKZIM (THE PROJECT)
| PROGRESSIVE IMPACT CORPORATION BERHAD |
| Type | Announcement |
| Subject | OTHERS |
| Description | PROGRESSIVE IMPACT CORPORATION BERHAD ("PICORP" OR "THE COMPANY")
ACCEPTANCE OF LETTER OF AWARD (LOA) FOR DESIGN, CONSTRUCTION, COMPLETION, COMMISSIONING, TESTING AND HANDING OVER OF A NEW SEWERAGE TREATMENT PLANT OF 70,000 P.E (MODULE 1) ON PART OF LOT 45442, LOT 45366, LOT 45368 AND LOT 45369, PERSIARAN ISKANDAR SULTAN, BANDAR JOHOR BAHRU, DAERAH JOHOR BAHRU, NEGERI JOHOR DARUL TAKZIM (THE PROJECT) |
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We refer to our announcement made on 5 February 2016 and wish to inform that the LOA that was dated 28 January 2016 was only accepted by the Company on 5 February 2016. The commencement date stated in the LOA for the Project is 1 February 2016. The Project is expected to improve the earnings per share and net assets per share of PICORP Group by approximately 0.40 sen per share. The financial improvement will be reflected progressively in the Company’s consolidated financial results starting first quarter of 2016 until the completion of the Project. |
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Announcement Info
| Company Name | PROGRESSIVE IMPACT CORPORATION BERHAD |
| Stock Name | PICORP |
| Date Announced | 10 Feb 2016 |
| Category | General Announcement for PLC |
| Reference Number | GA1-10022016-00019 |