INVESTOR RELATIONS

INTRODUCTION

The Company wishes to announce that Naim Engineering Sdn. Bhd. (“NESB”) a wholly owned subsidiary of the Company, had on 28th July 2016 via its unincorporated joint venture, Naim Engineering Sdn Bhd – Gamuda Berhad JV (“Naim-Gamuda JV”) accepted the award of the development and upgrading of the Proposed Pan Borneo Highway in the State of Sarawak – Phase 1 from Lebuhraya Borneo Utara Sdn. Bhd. (Company No. 930689-H)  to undertake the Works Package – WPC-04 (Pantu Junction to Btg Skrang)  (“Works Package”) for a contract price of RM1.57 billion for a total Works Package contract period of 51 months from the date of site possession.

NESB owns 70% and Gamuda Berhad owns 30% in the Naim-Gamuda JV.

FINANCIAL IMPACT

The above contract is expected to contribute positively to the earnings and net assets of the Group during the tenure of the contract. 

DIRECTORS’ AND MAJOR SHAREHOLDERS’ INTERESTS

None of the Directors and/or major shareholders of the Company and/or persons connected with them, has any interest, direct or indirect, in the Works Package.



This announcement is dated 28th July 2016.