Company Name
:
AHMAD ZAKI RESOURCES BERHAD
Stock Name
:
AZRB  
Date Announced
:
11/07/2013


Type
:
Announcement
Subject
:
OTHERS

Description
:
DESIGN AND BUILD FOR THE CONSTRUCTION OF STUDENTS ACCOMMODATION COMPLEX AT UTM KUALA LUMPUR JALAN SEMARAK, KUALA LUMPUR

Announcement Details/Table Section :


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 ("AZSB") had on 11 July 2013, received the Letter of Award from Universiti Teknologi Malaysia ("UTM") for a project known as "Design and Build for the Construction of Students Accommodation Complex at UTM Kuala Lumpur Jalan Semarak, Kuala Lumpur" ("the Works").

Information on the Works
The Award for the Works amounts to a total value of RM171,500,000.00 (Ringgit Malaysia: One  Hundred Seventy One Million and Five Hundred Thousand Only). The date of completion is 21 July 2016.

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 Group's earnings and the net tangible assets for the financial years ending 2013 to 2016.

Directors' and Substantial Shareholders' interest
None of the Directors and Substantial Shareholders of AZRB or any persons connected to them have any interests, 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 11 July 2013


© 2013, Bursa Malaysia Berhad. All Rights Reserved.


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