General Announcement for PLC

27/12/2017

OTHERS CONTRACT ENTERED INTO BY UCREST BERHAD (FORMERLY KNOWN AS PALETTE MULTIMEDIA BHD) WITH TRADE HOUSE ATLANTIS LIMITED

UCREST BERHAD

Type Announcement
Subject OTHERS
Description 
CONTRACT ENTERED INTO BY UCREST BERHAD (FORMERLY KNOWN AS PALETTE MULTIMEDIA BHD) WITH TRADE HOUSE ATLANTIS LIMITED

Pursuant to Rule 9.03 of ACE Market Listing Requirements of Bursa Malaysia Securities Berhad, the Board of Directors of UCrest Berhad (Formerly known as Palette Multimedia Bhd) (“UCrest” or “the Company”) wishes to inform that the Company had entered into the following contract for the sale hardware related products (“Contract”) to the party stated below: -

Party

Products

Contract value (USD)

RM (equivalent)*

Expected Date of Delivery

Date of Contract

Trade House Atlantis Limited

Hardware platform

392,835.47

1,604,143.64

To be delivered latest by 15 May 2018

5 September 2017 (Accepted on 27 December 2017)

Trade House Atlantis Limited

Hardware platform

788,798.00

3,221,056.63

To be delivered latest by 15 May 2018

22 September 2017 (Accepted on 27 December 2017)

*Based on exchange rate of USD1.00:RM4.0835 as at 27 December 2017.

The Contract is expected to contribute positively to the net assets per share and earnings per share of UCrest and its subsidiary for the financial year ending 31 May 2018.

UCrest does not foresee any exceptional risks other than execution risks, political risks and country risks associated with the Contract.

None of the Directors and/or major shareholders of UCrest or persons connected with them have any interests, direct or indirect, in the Contract.

This announcement is dated 27 December 2017.



Announcement Info

Company Name UCREST BERHAD
Stock Name UCREST
Date Announced 27 Dec 2017
Category General Announcement for PLC
Reference Number GA1-27122017-00075


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