Introduction
The Board of Directors of Ahmad Zaki Resources Berhad (AZRB or the
Company) is pleased to announce that its wholly-owned subsidiary, Ahmad Zaki
Sdn Bhd has on 23 July 2014, received a Letter of Award from Putrajaya
Resources Sdn Bhd (the Award) for a project
known as The Proposed Construction and
Completion of 2 Blocks of Office Buildings, Retails Spaces and External Works
on Plots Z1 and Z2, 3 levels of Basement Parking and Access Road on Plots Z1,
Z2, Z3 and Z4; and Upgrading Works to Jalan Alamanda with Associated
Infrastructures and Landscaping Works at Precinct 1, Wilayah Persekutuan
Putrajaya (the Works).
Information on the Works
The Award for the Works amounts to a total value of RM185,143,496.51 with
a contractual period of 28 months commencing from the date of site possession.
Financial effects
The said Works shall not have any effect on the issued and paid-up capital
of AZRB. However, the Works is expected to contribute positively to AZRB
Groups earnings and the net tangible assets from the financial year ending 31
December 2014 onwards.
Directors and Substantial Shareholders interest
None of the Directors and Substantial Shareholders of AZRB or any
persons connected with them has any interest, direct or indirect, in the
aforesaid Works.
Statement by the Board of Directors
The Board of AZRB is of the opinion that the Works is in the best
interest of the Company.
This announcement is dated 23 July 2014.