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OTHERS KEJURUTERAAN ASASTERA BERHAD ("KAB" OR "COMPANY") LETTER OF INTENT AWARDED BY LAND MARKER SDN. BHD. FOR THE ELECTRICAL SERVICES INSTALLATION WORKS FOR PROPOSED DEVELOPMENT OF TWO BLOCKS OF FORTY-FOUR STOREYS OF LUXURY CONDOMINIUM WITH ASSOCIATED FACILITIES, LOCATED AT LOT 13755, 13748, 13757 DAN 37688, JALAN KIARA, MUKIM BATU, KUALA LUMPUR AND TENTATIVELY NAMED THE BON KIARA (HEREINAFTER REFERRED TO AS THE LUXURY CONDO PROJECT)

KEJURUTERAAN ASASTERA BERHAD

Type Announcement
Subject OTHERS
Description
KEJURUTERAAN ASASTERA BERHAD ("KAB" OR "COMPANY")
LETTER OF INTENT AWARDED BY LAND MARKER SDN. BHD. FOR THE ELECTRICAL SERVICES INSTALLATION WORKS FOR PROPOSED DEVELOPMENT OF TWO BLOCKS OF FORTY-FOUR STOREYS OF LUXURY CONDOMINIUM WITH ASSOCIATED FACILITIES, LOCATED AT LOT 13755, 13748, 13757 DAN 37688, JALAN KIARA, MUKIM BATU, KUALA LUMPUR AND TENTATIVELY NAMED THE BON KIARA (HEREINAFTER REFERRED TO AS THE LUXURY CONDO PROJECT)
The Board of Directors of KAB (“Board”) wishes to announce that KAB had on 11 August 2022 accepted a Letter of Intent (“LOI”) awarded by Land Marker Sdn. Bhd. [Registration No. 200501018795 (700910-P)] (“LMSB” or “the Employer”) of business address at 301D, Tower D, Uptown 5, 5 Jalan SS21/39, Damansara Utama, 47400 Petaling Jaya, Selangor Darul Ehsan for the purpose of supplying, delivering, installation, testing and commissioning of Electrical Services Installation Work and Lightning Protection Earthing to the Luxury Condo Project developed by LMSB (hereinafter referred to as “the Nominated Sub-contract Works”)  for a fixed price sum of RM16,700,000/- (Ringgit Malaysia: Sixteen Million Seven Hundred Thousand)  subject to the stipulations of the Sub-contract Documents, the Conditions of Nominated Sub-Contract, the Tender Drawings, Specifications, Contract Bills and other terms and conditions as hereinafter appearing (together hereinafter referred to as “the Nominated Sub-contract”).

Please refer to the attachment for further details of the announcement.

This announcement is dated 11 August 2022.



Please refer attachment below.



Announcement Info

Company Name KEJURUTERAAN ASASTERA BERHAD
Stock Name KAB
Date Announced 11 Aug 2022
Category General Announcement for PLC
Reference Number GA1-09082022-00018




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