Sentoria Group Berhad is pleased to announce that its wholly-owned subsidiary, Sentoria Bina Sdn. Bhd. (Company No. 477814-V) has on 1 March 2019 accepted a Letter of Award from Fajar Pertiwi Sdn. Bhd. (Company No. 492998-T) for a design and build contract including sales and marketing of 659 units of single-storey terrace houses known as Bukit Rangin 3F and 3G in Bukit Rangin 3, Mukim Kuala Kuantan, Daerah Kuantan, Pahang Darul Makmur, for a contract sum of RM85.48 million.

 

The contract which will commence on 1 March 2019 and due for completion by 1 March 2021 will have no material effects on the earnings, gearing or net assets per share of Sentoria Group for the current financial year ending 30 September 2019. It will however be expected to contribute positively towards the future financial performance of Sentoria Group.

 

There will also no effect arising from the contract on the issued share capital and substantial shareholding structure of Sentoria.

 

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.

 

The Board is of the opinion that the abovementioned contract is in the best interest of Sentoria Group.

 

This announcement is dated 1 March 2019.