OTHERS SENTORIA GROUP BERHAD - Acceptance of Letter of Award
|Description||SENTORIA GROUP BERHAD - Acceptance of Letter of Award|
Sentoria Group Berhad is pleased to announce that its wholly-owned subsidiary, Sentoria Bina Sdn. Bhd. (Company No. 477814-V), has on 24 May 2017 accepted a letter of award from H.A. Properties Sdn. Bhd. for a design and build contract of 506 units of single-storey semi-detached houses in Kuantan, Pahang Darul Makmur, for a contract sum of RM60.8 million.
The contract which will commence on 1 July 2017 and due for completion on 30 June 2019 will have no material effect on the earnings and net assets per share of Sentoria Group for the current financial year ending 30 September 2017 but is expected to contribute positively to the earnings and net assets per share of Sentoria Group for the financial years ending 30 September 2018 and 2019.
The contract is not expected to have a material effect on gearing of Sentoria Group and has no effect on the share capital and substantial shareholders' shareholding of the Company.
None of the directors and/or major shareholders of Sentoria and/or persons connected to them has any interest, direct or indirect in the contract.
This announcement is dated 24 May 2017.