General Announcement for PLC

17/05/2019

OTHERS CONTRACT FROM KIASAN ENGINEERING SDN BHD

PANSAR BERHAD

Type Announcement
Subject OTHERS
Description 
CONTRACT FROM KIASAN ENGINEERING SDN BHD

The Board of Directors of Pansar Berhad (“Pansar”) is pleased to announce that Pansar Engineering Services Sdn Bhd, a wholly own subsidiary of Pansar had, on 16 May 2019 secured a contract from Kiasan Engineering Sdn Bhd for Projek Rancangan Tebatan Banjir Sibu (Fasa 3), Lembangan Batang Rajang, Sarawak (“the Project”) with a contract value of Ringgit Malaysia Seventy Seven Million Seven Hundred One Thousand Fifty Five and Sen Ninety Eight Only (RM77,701,055.98). 

 

The Department of Irrigation & Drainage Malaysia is the owner of the particular project and the whole project is expected to be completed by March 2022.  The works encompass two pumping stations with water catchment, drainage upgrading and widening, road topping along Jalan Kampung Hilir and Jalan Kampung Nangka.

 

The Project is expected to contribute positively to the earnings and net assets of Pansar for the financial year ending 2020 to 2022.

 

None of the directors and/or major shareholders of Pansar or persons connected to them have any interest, direct or indirect, in the above contract.

 

This announcement is dated 17 May 2019.



Announcement Info

Company Name PANSAR BERHAD
Stock Name PANSAR
Date Announced 17 May 2019
Category General Announcement for PLC
Reference Number GA1-17052019-00038


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