General Announcement for PLC

10/01/2019

OTHERS EVERSENDAI CORPORATION BERHAD WINS NEW PROJECTS WORTH RM406 MILLION

EVERSENDAI CORPORATION BERHAD

Type Announcement
Subject OTHERS
Description 
EVERSENDAI CORPORATION BERHAD WINS NEW PROJECTS WORTH RM406 MILLION

1. INTRODUCTION

The Board of Directors of Eversendai Corporation Berhad (“ECB” or “Company”) is pleased to announce that the Company has, through its subsidiaries Eversendai Engineering Pte Ltd Singapore, Eversendai Construction Private Limited India and Eversendai Engineering Qatar W.L.L. been awarded projects in Singapore, India and Qatar respectively (the “Projects”) worth approximately RM406 million.

 

2. INFORMATION ON THE PROJECTS

 

    (i)   The Project in Singapore was awarded by Sato Kogyo (S) Pte Ltd and comprises erection of a new hi-tech data processing and computing facility.

    (ii)  The Project in India was awarded by Larsen & Toubro Limited, Chennai and comprises connection design, supply, fabrication, painting and erection of structural steel diagrid and

            floor beams for APCRDA Office Building (HOD Towers 3 & 4) at Amarawati, Vijayawada, Andhra Pradesh.

    (iii)  The Project in Qatar was awarded by AG Middle East, Qatar and comprises engineering, connection design, fabrication, painting supply and installation of structural steel works

            for Lusail Expressway Al Wahda Arch.

 

3. FINANCIAL EFFECTS

The Projects are expected to contribute positively to the earnings of ECB Group for FY2019 and FY2020.

 

4. RISK FACTORS

Risk factors affecting the Projects include but are not limited to execution risks such as availability of skilled manpower and materials, changes in prices of materials, and changes in political, economic and regulatory conditions. The Company has throughout the years established its track records and expertise to undertake such projects. As such, the management believes that the Company is able to mitigate the abovementioned risk factors.

 

5. DIRECTORS' AND MAJOR SHAREHOLDERS' INTEREST

None of the Directors or major shareholders or persons connected with the Directors or major shareholders of the Company has any direct or indirect interest in the Projects.

 

6. DIRECTORS' STATEMENT

The Board of Directors of the Company is of the opinion that the acceptance of the Projects is in the best interest of the Company.

 

This announcement is dated 10 January 2019.


Please refer attachment below.


Announcement Info

Company Name EVERSENDAI CORPORATION BERHAD
Stock Name SENDAI
Date Announced 10 Jan 2019
Category General Announcement for PLC
Reference Number GA1-10012019-00019


Related Announcements for SENDAI
Date Title
18/07/2022 OTHERS EVERSENDAI S RECOVERY IN ADVERSITY WINNING RM1.6 BILLION CONTRACTS
28/06/2022 MULTIPLE PROPOSALS EVERSENDAI CORPORATION BERHAD ("EVERSENDAI" OR "COMPANY") (I) FREE WARRANTS; (II) ACQUISITION; (III) DIVERSIFICATION; AND (IV) AMENDMENTS. (COLLECTIVELY REFERRED TO AS THE "PROPOSALS")
29/04/2022 OTHERS A. PROPOSED RENEWAL OF SHAREHOLDERS MANDATE FOR EXISTING RECURRENT RELATED PARTY TRANSACTIONS OF A REVENUE OR TRADING NATURE; AND B. PROPOSED AUTHORITY TO THE COMPANY TO PURCHASE ITS OWN SHARES
21/12/2021 MULTIPLE PROPOSALS EVERSENDAI CORPORATION BERHAD ("EVERSENDAI" OR "COMPANY") (I) FREE WARRANTS; (II) ACQUISITION; (III) DIVERSIFICATION; AND (IV) AMENDMENTS. (COLLECTIVELY REFERRED TO AS THE "PROPOSALS")
15/09/2021 PUBLIC SHAREHOLDINGS SPREAD
09/09/2021 DEALINGS IN LISTED SECURITIES (CHAPTER 14 OF LISTING REQUIREMENTS) : DEALINGS DURING CLOSED PERIOD
30/07/2021 PUBLIC SHAREHOLDINGS SPREAD
11/06/2021 MULTIPLE PROPOSALS EVERSENDAI CORPORATION BERHAD ("EVERSENDAI" OR "COMPANY") (I) FREE WARRANTS; (II) ACQUISITION; (III) DIVERSIFICATION; AND (IV) AMENDMENTS. (COLLECTIVELY REFERRED TO AS THE "PROPOSALS")
06/04/2021 OTHERS THE BOARD OF DIRECTORS OF EVERSENDAI CORPORATION BERHAD WISHES TO ANNOUNCE THAT MR. YAU WEN CHIN WAS APPOINTED GROUP CHIEF FINANCIAL OFFICER FOR EVERSENDAI CORPORATION BERHAD WITH EFFECT FROM 5 APRIL 2021.
31/03/2021 PUBLIC SHAREHOLDINGS SPREAD