Ahmad Zaki Resources Berhad (“AZRB” or “the Company”) is pleased to announce that Salcon MMCB AZSB JV Sdn Bhd, a jointly controlled entity of Salcon Engineering Berhad (36%), a wholly-owned subsidiary of Salcon Berhad, MMC Corporation Berhad (34%) and Ahmad Zaki Sdn Bhd (30%), a wholly-owned subsidiary of AZRB, had received the Letter of Acceptance dated 16 April 2014 issued by Pengurusan Aset Air Berhad for the following project:-
Project | Duration | Contract Sum | Date of Acceptance | Proposed Development of Langat 2 Water Treatment Plant and Water Reticulation System in Selangor Darul Ehsan/Wilayah Persekutuan Kuala Lumpur (Langat 2 WTP and Water Reticulation – Phase 1) Package 2A – Construction and Completion of 1130 MLD Langat 2 Water Treatment Plant. | Thirty-Six (36) months | RM993,888,000.00 | 17 April 2014 |
(hereinafter referred as “the Project”) The Project is expected to contribute positively towards the earnings and net assets of AZRB Group for the financial years ending 31 December 2014, 31 December 2015, 31 December 2016 and 31 December 2017. AZRB does not foresee any exceptional risk other than execution risk associated with the Project. The Project will not have any effect on the share capital and substantial shareholders’ shareholding of the Company. None of the directors and/or major shareholders of the Company, or persons connected with them have any interest, direct or indirect, in the Project. This announcement is dated 17 April 2014. |