OTHERS YFG Berhad (YFG of the Company) Letter of Award for the Proposed Electrical Works for Package GS05 for Light Rail Transit Line 3 (LRT3)
YFG Berhad (YFG of the Company) Letter of Award for the Proposed Electrical Works for Package GS05 for Light Rail Transit Line 3 (LRT3)
The Board of Directors wishes to announce that the wholly-owned subsidiary, YFG Engineering Sdn Bhd has on 18 March 2019 accepted a Letter of Award dated 14 March 2019 from Dynasynergy M&E Engineering Sdn Bhd (“DESB”) for the subcontract electrical works for Package GS05 for LRT3: Station 12 (Section 14 Station); Station 14 (UiTM Station) and Street Lighting & Traffic Light System (“Project”) for approximately RM33.86 million, on a fixed lump sum contract.
The Project involves the supply, delivery, installation, commission and maintenance of electrical works, and is expected to be completed within fourteen (14) months.
The Company do not foresee any exceptional risk other than the normal operational risk associated with the Project. The Company will take necessary steps to mitigate the risks as and when it occurs.
The Project is expected to contribute positively to the revenue and earnings of the Group for the financial year ending 30 September 2019.
None of the Directors and/or major shareholders of the Company and/or persons connected with them, has any interest, direct or indirect, in the Project.
This announcement is dated 18 March 2019.
|Company Name||YFG BERHAD|
|Date Announced||18 Mar 2019|
|Category||General Announcement for PLC|