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Others - Award Of Contract

BackMar 17, 2016
Type Announcement
Subject OTHERS
Description

AWARD OF CONTRACT

The Board of Directors of Hock Seng Lee Berhad (“HSL”) is pleased to announce that the consortium of Kumpulan Nishimatsu Hock Seng Lee has been awarded a contract by the State Government of Sarawak through Jabatan Perkhidmatan Pembetungan Sarawak, worth Ringgit Malaysia Seven Hundred Fifty Million Only (RM750,000,000.00) for the Kuching City Central Wastewater Management System: Centralized Sewerage For Kuching City Centre (Package 2) (“the Project”).

Hock Seng Lee Berhad has 75% equity in the Consortium.  The scope of works for the Project includes construction and commissioning of the wastewater treatment plant, main, secondary and tertiary lines, property connections, provision of process plant and equipment, related building works, mechanical and electrical works.

The contract period for the completion and commissioning of the wastewater treatment plant and the sewer networks is seventy two (72) months.  The contract is expected to contribute positively to the earnings and net assets of HSL Group as the Project progresses during the contract period. However, the transaction will not have any effect on the share capital and substantial shareholdings of HSL.

None of the directors and/or major shareholders of HSL or persons connected to them have any interest, direct or indirect, in the above contract.




Announcement Info

Company Name HOCK SENG LEE BERHAD
Stock Name HSL
Date Announced 17 Mar 2016
Category General Announcement for PLC
Reference Number GA1-17032016-00020