UEM Edgenta is pleased to announce that Edgenta PROPEL Berhad, a wholly-owned subsidiary of the Company has on 12 August 2016 accepted the letter of award from Ahmad Zaki Sdn Bhd for the Relocation of Telecommunication Works in relation to the Projek Mass Rapid Transit Laluan 2: Sungai Buloh-Serdang-Putrajaya, Package V202: Construction and Completion of Viaduct Guideway and Other Associated Works from Persiaran Dagang to Jinjang.
The contract is valued at RM87 million for 17 months and is expected to contribute positively to the Group’s future earnings and net assets per share. The contract will not have any effect on the issued and paid-up share capital, or on the shareholding of the substantial shareholders of the Company.
None of the directors and/or major shareholders of the Company or persons connected to them have any interest, direct or indirect, in the new contract awarded.
This announcement is dated 12 August 2016.