OTHERS YFG Berhad ("YFG" or "the Company") Letter of Award for the Contract Works for the Proposed Construction of 978 Units of Terrace and 146 Units of Semi-detached Houses on Lot 8094, Mukim Penor, Daerah Kuantan, Pahang Darul Makmur for RM40 Million

Amended Announcements
Please refer to the earlier announcement reference number: GA1-14052019-00018

YFG BERHAD

Type Announcement
Subject OTHERS
Description
YFG Berhad ("YFG" or "the Company")
Letter of Award for the Contract Works for the Proposed Construction of 978 Units of Terrace and 146 Units of Semi-detached Houses on Lot 8094, Mukim Penor, Daerah Kuantan, Pahang Darul Makmur for RM40 Million

The Board of Directors of YFG wishes to announce that the wholly-owned subsidiary, YFG Engineering Sdn Bhd has on 14 May 2019 accepted a Letter of Award dated 25 April 2019 from Kencana Amanjaya Sdn Bhd (“KASB”) for the contract works for the proposed construction of 978 units of terrace and 146 units of semi-detached houses on Lot 8094, Mukim Penor, Daerah Kuantan, Pahang Darul Makmur for RM40 Million (“Project”).

 

The Project involves the works in external sewerage and sewerage treatment plant, water reticulation, street lighting, telephone services, and building mechanical and electrical services  The commencement date of the Project (“Commencement Date”) is 30 May 2019  and expected to be completed within twenty four (24) months from the Commencement Date.

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.






Announcement Info

Company Name YFG BERHAD
Stock Name YFG
Date Announced 14 May 2019
Category General Announcement for PLC
Reference Number GA1-14052019-00105