Bursa Announcements
Date : 29 April 2013
OTHERS SUNWAY BERHAD (“SUNWAY”) - LETTER OF AWARD TOTALLING RM222 MILLION FROM CITITOWER SDN BHD [A JOINT VENTURE COMPANY BETWEEN KLCC (HOLDINGS) SDN BHD AND QD ASIA PASIFIC LTD]
| SUNWAY BERHAD |
| Type | Announcement |
| Subject | OTHERS |
| Description | SUNWAY BERHAD (“SUNWAY”) - LETTER OF AWARD TOTALLING RM222 MILLION FROM CITITOWER SDN BHD [A JOINT VENTURE COMPANY BETWEEN KLCC (HOLDINGS) SDN BHD AND QD ASIA PASIFIC LTD] |
The Board of Directors of Sunway is pleased to announce that Sunway Construction Sdn Bhd (“SunCon”), a wholly-owned subsidiary of Sunway Holdings Sdn Bhd which in turn is a wholly-owned subsidiary of Sunway, has on 29 April 2013, accepted a letter of award worth RM222 million from Cititower Sdn Bhd [a joint venture company between KLCC (Holdings) Sdn Bhd and QD Asia Pasific Ltd] for package 2 comprising, construction and completion of piling and sub-structure works as well as associated works for the proposed mixed commercial development for Lot 185 and Lot 167(K) at Persiaran KLCC, Kuala Lumpur City Centre (hereinafter referred to as the “Proposed Project”). The Proposed Project is expected to commence upon handing over of site possession which is to be determined later, with a construction period of 82 weeks. It is expected to contribute positively to the earnings of Sunway Group from the financial year ending 31 December 2013 onwards. The Proposed Project is subject to normal construction risk of materials price fluctuation. However, with the past experience and expertise of SunCon in construction projects in Malaysia, this risk could be mitigated. None of the directors or substantial shareholders of Sunway or persons connected with them has any interest, whether direct or indirect in the Proposed Project. This announcement is dated 29 April 2013. | |
Announcement Info
| Company Name | SUNWAY BERHAD |
| Stock Name | SUNWAY |
| Date Announced | 29 Apr 2013 |
| Category | General Announcement |
| Reference No | SS-130429-36EA5 |