OTHERS HANDAL RESOURCES BERHAD (HRB or the Company) - Letter of Award to Handal Offshore Services Sdn. Bhd. for Provision of Crane Rental for Kapal P&A Project by Uzma Engineering Sdn. Bhd.

HANDAL RESOURCES BERHAD

Type Announcement
Subject OTHERS
Description
HANDAL RESOURCES BERHAD (HRB or the Company)
- Letter of Award to Handal Offshore Services Sdn. Bhd. for Provision of Crane Rental for Kapal P&A Project by Uzma Engineering Sdn. Bhd.

The Company is pleased to announce that Handal Offshore Services Sdn. Bhd., a wholly-owned subsidiary of the Company, has on 2 September 2016 accepted the Letter of Award (“the Contract”) dated 25 August 2016 for provision of crane rental for Kapal P&A Project from Uzma Engineering Sdn. Bhd. (Company No. 514669-P).  

The contract price is approximately RM200,000 as agreed by both parties and the duration of the contract is estimated to be for 30 days. The commencement of contract works is scheduled on 2 September 2016.

The Contract is expected to contribute positively to revenue and earnings and net assets per share of the HRB Group for the financial year ending 2016.

The risks associated with the Contract are normal operational risks which can be mitigated through HRB system of project management and internal business controls.

None of the Directors or major shareholders of HRB or persons connected to them have any interest, direct or indirect, in the Contract.

This announcement is dated 6 September 2016.






Announcement Info

Company Name HANDAL RESOURCES BERHAD
Stock Name HANDAL
Date Announced 06 Sep 2016
Category General Announcement for PLC
Reference Number GA1-06092016-00019