OTHERS TALIWORKS CORPORATION BERHAD ("TCB" or "the Company") - LETTER OF AWARD BY PENGURUSAN AIR SELANGOR SDN BHD FOR THE PROPOSED DEVELOPMENT OF SG. RASAU WATER TREATMENT PLANT AND WATER SUPPLY SCHEME (PHASE 1), SELANGOR DARUL EHSAN PACKAGE 3 DESIGN AND BUILD OF PROPOSED NEW BUKIT LIPAT KAJANG BOOSTER STATION, RESERVOIRS AND ASSOCIATED WORKS AT A CONTRACT SUM OF RM293,861,748.36
|TALIWORKS CORPORATION BERHAD|
TALIWORKS CORPORATION BERHAD ("TCB" or "the Company") - LETTER OF AWARD BY PENGURUSAN AIR SELANGOR SDN BHD FOR THE PROPOSED DEVELOPMENT OF SG. RASAU WATER TREATMENT PLANT AND WATER SUPPLY SCHEME (PHASE 1), SELANGOR DARUL EHSAN PACKAGE 3 DESIGN AND BUILD OF PROPOSED NEW BUKIT LIPAT KAJANG BOOSTER STATION, RESERVOIRS AND ASSOCIATED WORKS AT A CONTRACT SUM OF RM293,861,748.36
??Pursuant to Paragraph 9.03 of the Main Market Listing Requirements of Bursa Malaysia Securities Berhad, the Company is pleased to announce that the Company had on 2 December 2021 received a letter of award dated 1 December 2021 from Pengurusan Air Selangor Sdn. Bhd. [Registration No. 201401006213 (1082296-U)] for the proposed development of Sg. Rasau water treatment plant and water supply scheme (Phase 1), Selangor Darul Ehsan Package 3 – Design and Build of Proposed New Bukit Lipat Kajang Booster Station, Reservoirs and Associated Works at a contract sum of RM293,861,748.36 (“Contract”).
2. SALIENT TERMS OF THE LETTER OF AWARD
2.1 Scope of Works
The scope of works comprises of designing and building of the proposed new Bukit Lipat Kajang booster station, reservoirs and associated works including civil, structural and building works, pumping plant mechanical works, electrical works, instrumentation, controls and automation (ICA) works and building services (“Works”).
2.2 Contract Period
The date of the site possession shall be on 15 December 2021. The completion date for the Works shall be on 31 December 2024 i.e. 36.5 months from the date of the possession of the site.
2.3 Contract Sum
The contract sum for the Works is RM293,861,748.36.
3. EFFECTS OF THE LETTER OF AWARD
The Contract is made in the ordinary course of business. The Contract is expected to contribute positively to TCB group’s earnings and net assets for the duration of the Contract.
4. RISK FACTORS
The risks associated with the Contract include fluctuation in foreign currency against Ringgit Malaysia which will affect the cost of imported materials and equipment, fluctuation in prices of construction materials, the current tight labour market situation and potential future lockdowns due to the pandemic delaying work at site.
5. DIRECTORS’ AND MAJOR SHAREHOLDER’S INTERESTS
None of the directors and major shareholders of the Company as well as persons connected with them have any interest, direct and/or indirect in the Contract.
6. DIRECTORS’ STATEMENT
The directors, after having considered the Contract, are of the opinion that the Contract is in the best interest of TCB group.
7. APPROVALS REQUIRED
The Contract does not require the approval of TCB’s shareholders or any relevant authorities.
This announcement is dated 2 December 2021.
|Company Name||TALIWORKS CORPORATION BERHAD|
|Date Announced||02 Dec 2021|
|Category||General Announcement for PLC|