MENU

BURSA ANNOUNCEMENTS

Date : 27 June 2014

OTHERS TALIWORKS CORPORATION BERHAD (“Taliworks” or “the Company”) – Acceptance of Letter of Award

TALIWORKS CORPORATION BERHAD

TypeAnnouncement
SubjectOTHERS
DescriptionTALIWORKS CORPORATION BERHAD (“Taliworks” or “the Company”) – Acceptance of Letter of Award

The Company wishes to announce that the consortium of LGB-Taliworks JV had on 27th June 2014 accepted the letter of award from Unit Perancang Ekonomi Negeri Selangor in relation to a project known as “Pengagihan Semula Kapasiti Reka Bentuk Air Terawat Dari Loji Rawatan Air Sungai Selangor Fasa 3 (SSP3) – Sebagai Projek Mitigasi Kekurangan Bekalan Air di Selangor, Wilayah Persekutuan Kuala Lumpur dan Putrajaya (Pakej 3 : Kerja-kerja Membekal dan Memasang Paip Keluli Bergarispusat 1200 mm dan Kerja-kerja Berkaitan Dari Bukit Jelutong, Shah Alam ke Bukit Raja, Klang, Selangor)” (hereinafter referred to as the “Project”). The Company and LGB Engineering Sdn Bhd (Company No. 38484-D) are contemplating to enter into a Joint Venture Agreement (“JVA”) to regulate their relationship for the purpose of undertaking and completing the works as specified in the JVA in relation to the Project.

The details of the Project are as follows:-


Project Sum: RM30,639.779.00


Construction Period: 12 months


Date of completion:
6 July 2015


The Project is not expected to have any major financial impact for the financial year ending 31 December 2014 as the Project will be in the early stages of mobilization and planning but is expected to contribute positively to the future earnings of Taliworks.


The Project is subject to normal construction risk of fluctuation of material cost and labour cost.


None of the Directors or substantial shareholders of Taliworks or persons connected to them has any interest, direct or indirect, in the awarding of the Project.

The Company will make the appropriate announcement upon the execution of the JVA and any other development relating to this Project in due course.

 

Dated this 27th day of June 2014.


 



Announcement Info

Company NameTALIWORKS CORPORATION BERHAD  
Stock Name TALIWRK    
Date Announced27 Jun 2014  
CategoryGeneral Announcement
Reference NoCS-140627-64630

Back