【UEMS 5148 交流专区】UEM阳光 (前名UEMLAND UEM置地)

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Type	Announcement
Subject	OTHERS
Description	UEM SUNRISE BERHAD ("UEMS" OR THE "COMPANY")SALE & PURCHASE AGREEMENT DATED 30 OCT 2017 BETWEEN BANDAR NUSAJAYA DEVELOPMENT SDN BHD ("BNDSB"), A WHOLLY-OWNED SUBSIDIARY OF UEM LAND BERHAD WHICH IN TURN IS A WHOLLY-OWNED SUBSIDIARY OF UEMS, AND COUNTRY VIEW RESOURCES SDN BHD ("CVRSB"), A WHOLLY-OWNED SUBSIDIARY OF COUNTRY VIEW BERHAD ("CVB") FOR THE DISPOSAL OF APPROXIMATELY 163.92 ACRES OF LAND FOR A PURCHASE CONSIDERATION OF APPROXIMATELY RM310.0 MILLION ("PROPOSED DISPOSAL")
(Capitalised terms and all abbreviations used in this announcement shall have the same meanings as that used in our announcements dated 30 October 2017 and 24 April 2018 unless stated otherwise). The Company wishes to announce that its wholly-owned subsidiary BNDSB has today entered into a supplemental agreement (“SA”) with CVRSB to vary and/or supplement the terms of the sale and purchase agreement dated 30 October 2017. Please refer to the attached announcement for more details. This announcement is dated 26 June 2018.

http://www.bursamalaysia.com/market/listed-companies/company-announcements/5836077

Attachments Bursa Announcement on Supplemental Agreement on disposal of Land To Country View.pdf

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icy97 发表于 30-5-2016 11:54 PM
http://www.bursamalaysia.com/market/listed-companies/company-announcements/5106081

Type	Announcement
Subject	TRANSACTIONS (CHAPTER 10 OF LISTING REQUIREMENTS) RELATED PARTY TRANSACTIONS
Description	UEM SUNRISE BERHAD ("UEMS" OR "COMPANY")JOINT LAND DEVELOPMENT AGREEMENT ("JLDA") BETWEEN UEMS, TELEKOM MALAYSIA BERHAD ("TM") AND SUNRISE QUALITY SDN BHD ("SQSB"), AN INDIRECT WHOLLY-OWNED SUBSIDIARY OF UEMS FOR THE DEVELOPMENT OF LOT 461 & LOT 493, SECTION 19, BANDAR KUALA LUMPUR, DISTRICT OF KUALA LUMPUR MEASURING APPROXIMATELY 1.69 ACRES
(Capitalised terms and all abbreviations used in this announcement shall have the same meanings as that used in our announcements dated 27 May 2016 and 28 May 2018 unless stated otherwise). We refer to our announcements dated 27 May 2016 and 28 May 2018 in respect of the JLDA between UEMS, TM and SQSB. We wish to announce that the parties have mutually agreed to rescind the JLDA subsequent to the non-fulfilment of the conditions precedent under the JLDA. Both parties have also agreed to refund the Deposit which is currently deposited with SQSB’s solicitor as stakeholder, to SQSB.   This announcement is dated 24 August 2018.

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SUMMARY OF KEY FINANCIAL INFORMATION 30 Jun 2018

		INDIVIDUAL PERIOD		CUMULATIVE PERIOD
		CURRENT YEAR QUARTER	PRECEDING YEAR CORRESPONDING QUARTER	CURRENT YEAR TO DATE	PRECEDING YEAR CORRESPONDING PERIOD
		30 Jun 2018	30 Jun 2017	30 Jun 2018	30 Jun 2017
		$$'000	$$'000	$$'000	$$'000

1	Revenue	573,352	290,905	861,093	711,240
2	Profit/(loss) before tax	289,644	-14,243	319,124	26,820
3	Profit/(loss) for the period	214,115	-9,310	239,301	14,575
4	Profit/(loss) attributable to ordinary equity holders of the parent	213,792	-9,838	239,079	13,471
5	Basic earnings/(loss) per share (Subunit)	4.54	-0.22	5.09	0.30
6	Proposed/Declared dividend per share (Subunit)	0.00	0.00	0.00	0.00
		AS AT END OF CURRENT QUARTER		AS AT PRECEDING FINANCIAL YEAR END
7	Net assets per share attributable to ordinary equity holders of the parent ($$)	1.5500		1.5200

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Date of change	01 Oct 2018
Name	TAN SRI DATO' SRI ZAMZAMZAIRANI BIN MOHD ISA
Age	58
Gender	Male
Nationality	Malaysia
Type of change	Redesignation
Previous Position	Non Executive Chairman
New Position	Chairman
Directorate	Independent and Non Executive

Qualifications

No	Qualifications	Major/Field of Study	Institute/University	Additional Information
1	Degree	Communications Engineering	Plymouth Polytechnic, United Kingdom
2	Others	Corporate Finance, Strategies for Creating Shareholder Value Programme	Kellogg School of Management, Northwestern University, United States of America
3	Others	Strategic Leadership Programme	University of Oxford’s Saïd Business School

Working experience and occupation

Tan Sri Dato Sri Zamzamzairani has vast experience in the telecommunications industry which spans more than 30 years, beginning in Telekom Malaysia Berhad ("Telekom Malaysia") where he served for 13 years before assuming key positions in several multinationals such as Global One Communications and Lucent Technologies (Malaysia) Sdn Bhd, where he was Chief Executive Officer.  In 2005, he returned to Telekom Malaysia as Senior Vice President, Group Strategy and Technology and was promoted to Chief Executive Officer, Malaysia Business, before being appointed as the Group Chief Executive Officer and Managing Director in April 2008 until his retirement from Telekom Malaysia on 30 April 2017.  Under his leadership, Telekom Malaysia launched and successfully rolled out the high speed broadband service in 2010, in a historic collaboration with the Government of Malaysia. He was awarded the Business Person of the Year 2015 at the Asian Academy of Management International Conference, organised by Universiti Sains Malaysia in October 2015.  He was also named CEO of the Year 2015 at the Minority Shareholder Watchdog Groups Annual Corporate Governance Awards ceremony held in December 2015.  He was conferred a special individual award for Outstanding Contribution to the Industry at the 2017 Frost & Sullivan Malaysia Excellence Awards and named the prestigious Telecom CEO of the Year at the 20th Telecom Asia Awards 2017.

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Type	Announcement
Subject	MEMORANDUM OF UNDERSTANDING
Description	UEM SUNRISE BERHAD ("UEMS" OR THE "COMPANY")MEMORANDUM OF UNDERSTANDING ("MOU") BETWEEN UEMS, GPAY NETWORK (M) SDN BHD ("GPAY"), GRABCAR SDN BHD ("GRABCAR") AND MYTEKSI SDN BHD ("MYTEKSI") (COLLECTIVELY REFERRED TO AS "GRAB PARTNERS") TO COLLABORATE ON THE SERVICES OFFERED BY THE GRAB PARTNERS IN AREAS WITHIN THE CONTROL OF UEMS AND/OR ITS RELATED COMPANIES
The Board of Directors of UEMS (“Board”) wishes to announce that it had on 2 October 2018 entered into a MOU with Grab Partners (“Proposed MOU”) to jointly collaborate on the services offered by Grab Partners in areas within the control of UEMS, its subsidiaries, its joint-controlled entities and/or its affiliated companies, subject to the approvals of these joint-controlled entities and/or affiliated companies, with priorities given to areas within Mont’Kiara, Dutamas and Iskandar Puteri amongst other locations to be mutually agreed later (“Area”) (“Proposed Collaboration”). Please refer to the attached announcement for more details. This announcement is dated 2 October 2018.

http://www.bursamalaysia.com/market/listed-companies/company-announcements/5930073

Attachments Bursa annoucement GRAB 2.10.18.pdf

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UEM阳光：地价高企　发展商暂难降屋价

財经 最后更新 2018年10月2日 22时59分
（吉隆坡2日讯）UEM阳光（UEMS，5148，主板產业股）执行董事兼首席执行员安华沙林表示，虽然建筑材料豁免销售与服务税（SST），但由於其他成本仍高企，因此，发展商要降低房价，並不容易。

销售与服务税（SST）9月上路，取代之前的消费税。在新税制下，大部份房地產建材均被豁免徵税，因此，財政部长林冠英呼吁发展商重新检討房价。並表示，希望发展商直接降低屋价，而非透过折扣或送礼回馈购屋者，否则可能考虑重新徵收建筑材料和服务的税务。

针对降低房价的问题，安华沙林今日出席活动时表示，虽然他们也希望下调房地產价格以让购物者受益，但暂时而言，还未感受到成本减低的好处，因此难以调降价格。

「从成本的角度分析，部份房地產原料虽豁免税务，但房价也受到其他因素影响，如地皮价格走势、整体建筑开销等。」对于政府的呼吁，他表示，將以观望態度等待进一步指示。

另外，他也也乐观相信公司能够达到所设下的12亿令吉全年销售目標。该公司计划在末季推出价值3亿5000万令吉至5亿令吉的项目。

截至6月尾，UEM阳光获的售为6亿6380万令吉，未入账销售也维持在49亿令吉的健康水平。

联手Grab打造无现金社区

安华沙林是在出席UEM阳光与马来西亚Grab达成合作伙伴新闻发布会时做有关披露。两家公司將携手在3个社区打造无现金社会。包括为Publika购物商场打造一个无现金支付的环境，让顾客和商家均从中获益。

GrabPay（马、新、菲）执行经理黄慧婷表示，使用GrabPay电子支付的消费者將可在Publika购物商场获得一个方便简易的购物体验，而商家可以通过收集消费者的购物行为而提升业务。

「根据国行统计，我国人民的现金使用率仍高达80%，但至今已有超过30%的用户使用Grab应用程式內的多种服务。」【东方网财经】

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Date of change	08 Oct 2018
Name	DATO' ROSLAN BIN IBRAHIM
Age	59
Gender	Male
Nationality	Malaysia
Type of change	Others
Designation	Others
Description	Relinquished his role as Chief Operating Officer, Development pursuant to his transfer to the holding company, UEM Group Berhad under UEM Talent Mobility Programme to take up strategic assignments.

Qualifications

No Qualifications Major/Field of Study Institute/University Additional Information 1 Masters Business Administration Herriot-Watt University, Edinburgh, United Kingdom 2 Degree Civil Engineering Swansea University, United Kingdom
Working experience and occupation	Dato' Roslan Ibrahim has over 36 years of industry experience which includes a proven track record in managing complex infrastructure projects.Prior to joining UEM Sunrise, he was the President Direktor of PT Lintas Marga Sedaya, a 55% subsidiary of UEM Group Berhad (UEM Group) that undertook the 116-kilometre, RM4.4 billion constructions of the Cikopo-Palimanan highway project.He joined UEM Group back in 2006 and brings along with him a wealth of cross functional experience from his background in Engineering and Construction as well as Business Development.  During his tenure, he headed the project team to design and build the Penang Second Bridge Project and was then appointed as the Head of Group Business Development.He started his career in 1981 and has been involved in several mega projects including the Peninsular Gas Pipeline, the 55-storey Menara Telekom, the Putrajaya Bridges and the Petronas Twin Towers. In the area of Business Development, he secured maiden projects in Sudan and Dubai during his tenure with MMC Engineering Group Berhad and IJM Corporation Berhad respectively.

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uem阳光跌不休，想买入拉平成本……
http://www.sinchew.com.my/node/1818094/

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icy97 发表于 31-10-2017 03:50 AM
UEM阳光3.1亿依区售地
发展公主港和还债

2017年10月31日
（吉隆坡30日讯）UEM阳光（UEMS，5148，主板产业股）以3亿1000万令吉，将位于柔佛依斯干达公主城的163.9英亩地皮，售予另一产业发展商康地威（CVIEW，5 ...

Type	Announcement
Subject	OTHERS
Description	UEM SUNRISE BERHAD ("UEMS" OR "THE COMPANY")SALE & PURCHASE AGREEMENT DATED 30 OCT 2017 BETWEEN BANDAR NUSAJAYA DEVELOPMENT SDN BHD, A WHOLLY-OWNED SUBSIDIARY OF UEM LAND BERHAD WHICH IN TURN IS A WHOLLY-OWNED SUBSIDIARY OF UEMS, AND COUNTRY VIEW RESOURCES SDN BHD, A WHOLLY-OWNED SUBSIDIARY OF COUNTRY VIEW BERHAD FOR THE DISPOSAL OF APPROXIMATELY 163.92 ACRES OF LAND FOR A PURCHASE CONSIDERATION OF APPROXIMATELY RM310.0 MILLION ("PROPOSED DISPOSAL")
(Capitalised terms and all abbreviations used in this announcement shall have the same meanings as that used in our announcements dated 30 October 2017, 24 April 2018 and 26 June 2018 unless stated otherwise). We refer to our announcements dated 30 October 2017, 24 April 2018 and 26 June 2018 in relation to the Proposed Disposal. The Company wishes to announce that the Proposed Disposal is completed on 27 November 2018 upon the full settlement of the balance Purchase Consideration in accordance with the terms of the SPA and SA. This announcement is dated 27 November 2018.

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去年高基数影响--uem阳光q3净利挫85%
http://www.enanyang.my/news/20181129/去年高基数影响-br-uem阳光q3净利挫85/

SUMMARY OF KEY FINANCIAL INFORMATION 30 Sep 2018

		INDIVIDUAL PERIOD		CUMULATIVE PERIOD
		CURRENT YEAR QUARTER	PRECEDING YEAR CORRESPONDING QUARTER	CURRENT YEAR TO DATE	PRECEDING YEAR CORRESPONDING PERIOD
		30 Sep 2018	30 Sep 2017	30 Sep 2018	30 Sep 2017
		$$'000	$$'000	$$'000	$$'000

1	Revenue	430,104	846,100	1,291,197	1,557,340
2	Profit/(loss) before tax	27,026	210,425	346,150	237,245
3	Profit/(loss) for the period	21,467	143,381	260,768	157,956
4	Profit/(loss) attributable to ordinary equity holders of the parent	21,173	142,853	260,252	156,459
5	Basic earnings/(loss) per share (Subunit)	0.47	3.15	5.56	3.45
6	Proposed/Declared dividend per share (Subunit)	0.00	0.00	0.00	0.00
		AS AT END OF CURRENT QUARTER		AS AT PRECEDING FINANCIAL YEAR END
7	Net assets per share attributable to ordinary equity holders of the parent ($$)	1.5600		1.5200

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Type	Announcement
Subject	OTHERS
Description	UPDATED PRESS RELEASE - FIRST SEPARABLE PORTION OF AURORA MELBOURNE CENTRAL COMPLETED; UEM SUNRISE UPBEAT ON PERFORMANCE
Further to our announcement on the quarterly financial results for the financial period ended 30 September 2018 dated 28 November 2018, we attach herewith the updated press release entitled "First separable portion of Aurora Melbourne Central completed; UEM Sunrise upbeat on performance" to replace the press release attached in the said announcement. This announcement is dated 28 November 2018.

http://www.bursamalaysia.com/market/listed-companies/company-announcements/5987989

Attachments Press Release Q3 2018 Financial Results.pdf

追风人

澳房产移交进展顺利．UEM阳光财测可达标
UEM阳光（UEMS）澳洲产业并未出现违约潮，大马投行表示，集团澳洲房产计划产权移交工作进展顺利，足以应付贷款责任，看好集团2018至2020财政年财测达标。
（吉隆坡10日讯）UEM阳光（UEMS,5148,主板产业组）澳洲产业并未出现违约潮，大马投行表示，集团澳洲房产计划产权移交工作进展顺利，足以应付贷款责任，看好集团2018至2020财政年财测达标。

广告
澳房产没出现违约潮《澳洲财经评论》（Australia Financial Review）日前引述UEM阳光董事经理兼首席执行员安华沙林称，若位于墨尔本中央商业区（CBD），发展总值3亿澳元的公寓计划能达到90%移交比例，集团将感到非常欣慰，因此揣测UEM阳光可能面对至少10%的违约率。

不过，UEM阳光反驳称，纵然市况欠佳，墨尔本的Aurora和Conservatory等公寓项目并未出现任何的违约情况，因此大马投行相信这不会对集团2018至2020财政年财测带来任何影响。

大马投行说，Aurora的SP3期和SP3A期产权移交率达到95%和87%，SP4和SP5期产权移交工作将在今年5和10月陆续进行，有望延续正面移交趋势。

“SP4和SP5期将带来额外9970万澳元，加上整栋服务式公寓脱售予腾飞集团（Ascendas）旗下酒店信托公司所得的1亿2000万澳元，Aurora的贷款义务将不成问题。”

Conservatory则正进行SP1期移交工作，并在短短2周内即达到64%移交率，成功取得1亿4380万澳元，集团预期未来将移交额外50个公寓单位将可全面偿还1亿8000万澳元的工程贷款。

目前，Aurora已全面售罄，而Conservatory认购率也达到96%。

综合以上，大马投行维持UEM阳光“买进”评级和1令吉目标价不变。

投资大行信心背书，成功提振投资者对UEM阳光的信心，带动股价周四一度大起5仙或6.85%，至78仙，最终收在75仙，涨2仙或2.74%。

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Notice of Person Ceasing (Section 139 of CA 2016)

UEM SUNRISE BERHAD

Particulars of Substantial Securities Holder

Name	LEMBAGA TABUNG HAJI
Address	201, JALAN TUN RAZAK KUALA LUMPUR 50400 Wilayah Persekutuan Malaysia.
Company No.	ACT 5351995
Nationality/Country of incorporation	Malaysia
Descriptions (Class)	ORDINARY SHARES
Date of cessation	28 Dec 2018
Name & address of registered holder	Lembaga Tabung Haji201, Jalan Tun Razak, 50400 Kuala Lumpur.

No of securities disposed	348,871,500
Circumstances by reason of which a person ceases to be a substantial shareholder	Transfer of shares to URUSHARTA JAMAAH SDN BHD as a result of the restructuring exercise - 348,871,500 units.
Nature of interest	Direct Interest
Date of notice	28 Dec 2018
Date notice received by Listed Issuer	28 Dec 2018

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SUMMARY OF KEY FINANCIAL INFORMATION 31 Dec 2018

		INDIVIDUAL PERIOD		CUMULATIVE PERIOD
		CURRENT YEAR QUARTER	PRECEDING YEAR CORRESPONDING QUARTER	CURRENT YEAR TO DATE	PRECEDING YEAR CORRESPONDING PERIOD
		31 Dec 2018	31 Dec 2017	31 Dec 2018	31 Dec 2017
		$$'000	$$'000	$$'000	$$'000

1	Revenue	752,789	303,289	2,043,986	1,860,611
2	Profit/(loss) before tax	70,234	-43,178	416,384	194,139
3	Profit/(loss) for the period	20,050	-50,923	280,818	107,088
4	Profit/(loss) attributable to ordinary equity holders of the parent	20,081	-50,949	280,333	105,565
5	Basic earnings/(loss) per share (Subunit)	0.44	-1.12	6.00	2.33
6	Proposed/Declared dividend per share (Subunit)	0.00	1.00	0.00	1.00
		AS AT END OF CURRENT QUARTER		AS AT PRECEDING FINANCIAL YEAR END
7	Net assets per share attributable to ordinary equity holders of the parent ($$)	1.5600		1.5200

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icy97 发表于 4-10-2018 01:33 AM
http://www.bursamalaysia.com/market/listed-companies/company-announcements/5930073

Type	Announcement
Subject	MEMORANDUM OF UNDERSTANDING
Description	UEM SUNRISE BERHAD ("UEMS" OR THE "COMPANY")MEMORANDUM OF UNDERSTANDING ("MOU") BETWEEN UEMS, GPAY NETWORK (M) SDN BHD ("GPAY"), GRABCAR SDN BHD ("GRABCAR") AND MYTEKSI SDN BHD ("MYTEKSI") (COLLECTIVELY REFERRED TO AS "GRAB PARTNERS") TO COLLABORATE ON THE SERVICES OFFERED BY THE GRAB PARTNERS IN AREAS WITHIN THE CONTROL OF UEMS AND/OR ITS RELATED COMPANIES
Capitalised terms and all abbreviations used in this announcement shall have the same meaning as that used in our announcement dated 2 October 2018 unless stated otherwise. 1.    The Company wishes to announce that it had on 29 March 2019 entered into a Collaboration Agreement with Grab Partners (“Collaboration Agreement”) to govern the relationship of both UEMS and Grab Partners with regard to the Proposed Collaboration (“Collaboration”). 2.    UEMS and Grab Partners noted that the terms and provisions of the Collaboration Agreement are similar to the MOU and that the purpose of the Collaboration Agreement is to strengthen the terms and provisions detailed out under the MOU signifying a definitive understanding of the parties’ obligations in relation to the Collaboration. 3.    The Collaboration is: a.    Non-exclusive but Grab Partners shall give preference to UEMS in the Area over other property developers and UEMS shall give preference to Grab Partners over any other transportation and e-payment service providers in the Area; b.    Carried out within the Area only, with priority given to specific area within Mont’Kiara, Dutamas, Iskandar Puteri and other areas agreed by both parties; and c.    Principally related to: i.   Implementation of cashless payment services by GPay; ii.   Implementation and provision of Grab Services; and iii.  Exploration of other business opportunities. 4.    UEMS and Grab Partners will also undertake a branding exercise and marketing initiatives to utilise and complement each other’s competencies, expertise and common areas or space, and bring out the best of both parties’ synergies for the benefit of the Collaboration. 5.    Any cost relating to the activities carried out under the Collaboration shall either be jointly borne by both UEMS and Grab Partners or separately by each party depending on the nature of the activity as per the Collaboration Agreement.   6.    The Collaboration Agreement is valid as follows: a.    Two (2) years from 2 October 2018 (“Term”); b.    Two (2 )years from the expiry of the Term (“Initial Renewed Term”); and c.    Duration to be agreed by both parties upon the expiry of the Initial Renewed Term (“Further Renewed Term”). 7.    The Collaboration Agreement is available for inspection at the Company’s registered office at 19-2, Mercu UEM, Jalan Stesen Sentral 5, Kuala Lumpur Sentral, 50470 Kuala Lumpur during normal business hours from Mondays to Fridays (except public holidays) for a period of three (3) months from the date of this announcement. This announcement is dated 29 March 2019.

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icy97 发表于 14-4-2018 07:57 AM
http://www.bursamalaysia.com/market/listed-companies/company-announcements/5758897

Type	Announcement
Subject	TRANSACTIONS (CHAPTER 10 OF LISTING REQUIREMENTS) NON RELATED PARTY TRANSACTIONS
Description	UEM SUNRISE BERHAD ("UEMS" OR THE "COMPANY") I.        PROPOSED SUBSCRIPTION OF 500,001 NEW ORDINARY SHARES BY SUNRISE BERHAD IN MEGA LEGACY (M) SDN BHD ("MLM"); ANDII.        PROPOSED ACQUISITION OF 10 PARCELS OF LEASEHOLD LAND OF 99 YEARS, MEASURING A TOTAL OF APPROXIMATELY 72.73 ACRES LOCATED IN MUKIM BATU, DISTRICT OF KUALA LUMPUR ("SAID PARCELS") BY MLM FROM DATUK BANDAR KUALA LUMPUR ("DBKL")(COLLECTIVELY REFERRED TO AS THE "PROPOSALS")
Capitalised terms and all abbreviations used in this announcement shall have the same meaning as that used in our announcements dated 13 April 2018, 12 October 2018 and 2 April 2019 unless stated otherwise. The Company wishes to announce that its wholly-owned subsidiary, Sunrise Berhad (“SB”) had on 15 April 2019 subscribed for 500,001 new ordinary shares representing 50% + 1 share of the equity interest in MLM for a cash consideration of RM256,060,275 equivalent to the Proposed Subscription Price. The other 50% is held by MLE. Please refer to the attached announcement for details. This announcement is dated 15 April 2019.

http://www.bursamalaysia.com/market/listed-companies/company-announcements/6126789

Attachments Announcement Kepong_subscription of shares in MLM.pdf

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Type	Announcement
Subject	MATERIAL LITIGATION
Description	UEM SUNRISE BERHAD ("UEMS" OR THE "COMPANY")NOTICE OF ARBITRATION DATED 17 APRIL 2019 FILED BY IREKA ENGINEERING & CONSTRUCTION SDN BHD ("IECSB") AGAINST UEM LAND BERHAD ("UEML"), A WHOLLY-OWNED SUBSIDIARY OF UEMS
1.         Pursuant to Paragraph 9.04(g) of the Main Market Listing Requirements of Bursa Malaysia Securities Berhad (“Bursa Malaysia”), the Company wishes to announce that its wholly-owned subsidiary, UEML was served with a Notice of Arbitration (“NOA”) on 17 April 2019 filed by IECSB in relation to disputes arising from the Agreement and Conditions of PAM Contract 2006 (With Quantities) (“Agreement”) together with a Letter of Award dated 15 June 2012 (“LOA”) for the construction of Imperia in Puteri Harbour, Iskandar Puteri, Johor (“Project”) seeking a declaration sum of RM29,250,266.79 as the total amount of the final account. The LOA is to be read together with the Agreement (collectively referred to as the “Contract”).   2.         IECSB was appointed by UEML as the main contractor for the construction of the Project under the Contract at a sum of RM268.6 million. Its scope covers the: a.         Overall main works; b.         ‘Stesen Suis Utama’ (“SSU”) and ‘Pencawang Pembahagian Utama’ (“PPU”); and c.         Construction of mock-up units. 3.         IECSB has raised certain claims with respect to the performance of the obligations in the Contract and seeks inter alia, a declaration that RM29,250,266.79 be the total and final amount of the final account or any other amount assessed by the Arbitral Tribunal. 4.         UEML’s position is that IECSB’s claims are without merits and UEML will vigorously defend its position accordingly. 5.         The Company believes that the NOA and potential arbitration proceedings are not expected to have material financial and operational impact on the Company for the financial year ending 31 December 2019. Further announcements on any material development of the matter will be made to Bursa Malaysia from time to time. This announcement is dated 18 April 2019.