OTHERS Supplementary Agreement No. 9 to the Contract for the Manufacture, Supply and Delivery of Optical Fiber Cables for Telekom Malaysia Berhad

OPCOM HOLDINGS BERHAD

Type Announcement
Subject OTHERS
Description
Supplementary Agreement No. 9 to the Contract for the Manufacture, Supply and Delivery of Optical Fiber Cables for Telekom Malaysia Berhad

The Board of Directors of Opcom Holdings Berhad ("Opcom") wishes to announce that its subsidiary, Opcom Cables Sdn. Bhd. has negotiated and accepted a RM21,372,321.00 Supplementary Agreement No. 9 from Telekom Malaysia Berhad ("Telekom") on 23rd July 2020 for the Manufacture, Supply and Delivery of Optical Fiber Cables for Telekom, commencing from 1st August 2020 to 20th May 2022 ("Award").

Financial Effect

The Award is expected to contribute positively towards Opcom Group's earnings and net assets for the period of the Award.

Risks

The risk factors which may affect the Award may include but is not limited to ordinary business risks, competition risks, operations risks, economic risks and regulatory risks.

Directors' and Substantial Shareholders' Interest

None of the Directors and substantial shareholders of Opcom and/or subsidiaries or any persons connected to them has any interest, direct or indirect, in the Award.

This announcement is dated 23rd  July 2020






Announcement Info

Company Name OPCOM HOLDINGS BERHAD
Stock Name OPCOM
Date Announced 23 Jul 2020
Category General Announcement for PLC
Reference Number GA1-21072020-00067