MECOM Power and Construction : VOLUNTARY ANNOUNCEMENT - EXTENSION OF FACILITY MANAGEMENT SERVICES AGREEMENTS
September 22, 2020 at 09:00 am EDT
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MECOM POWER AND CONSTRUCTION LIMITED
澳 能 建 設 控 股 有 限 公 司
(Incorporated in the Cayman Islands with limited liability)
(Stock Code: 1183)
VOLUNTARY ANNOUNCEMENT
EXTENSION OF FACILITY MANAGEMENT SERVICES AGREEMENTS
This is a voluntary announcement made by the Company to provide the shareholders and potential investors of the Company an update on the latest business development of the Group.
The Board is pleased to announce that the Group has renewed the term of services for three facility management services agreements for a further term of two years and a summary of the services agreements is set out below:
Service
Extension
Extension
No.
provider
Scope of work
contract period
contract sum
(Note)
1.
EHY
Provision of operation and maintenance services for energy
1 July 2020 -
MOP59,666,797
centres and mechanical, electrical and plumbing systems of
30 June 2022
hotel complex
2.
EHY
Provision of operation and maintenance services for energy
1 July 2020 -
MOP16,399,584
centres and mechanical, electrical and plumbing systems of
30 June 2022
hotel complex
3.
EHY
Provision of operation and maintenance services for energy
1 October 2020 -
MOP37,518,106
centres and mechanical, electrical and plumbing systems of
30 September 2022
hotel complex
Note: Subject to any variation orders as may be requested by the customer from time to time.
The Board wishes to state that no forecast or prediction of the profits of the Group has been made with regard to the extension of the above services agreements and other projects secured by the Group.
Shareholders and potential investors of the Company should exercise caution when dealing in the shares of the Company.
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DEFINITIONS
The following terms have the following meanings in this announcement unless the context otherwise requires:
''Board''
the board of Directors of the Company
''Company''
MECOM Power and Construction Limited, an exempted company
incorporated in the Cayman Islands with limited liability, the issued
shares of which are listed on the Main Board of The Stock Exchange
of Hong Kong Limited (stock code: 1183)
''Director(s)''
the director(s) of the Company
''EHY''
EHY Construction and Engineering Company Limited, an indirect
wholly-owned subsidiary of the Company
''Group''
the Company and its subsidiaries
''Macau''
the Macau Special Administrative Region of the People's Republic of
China
''MOP''
Macanese pataca, the lawful currency of Macau
By Order of the Board
MECOM Power and Construction Limited
Kuok Lam Sek
Chairman
Hong Kong, 22 September 2020
As at the date of this announcement, the executive Directors are Mr. Kuok Lam Sek and Mr. Sou Kun Tou, and the independent non-executive Directors are Ms. Chan Po Yi, Patsy, Mr. Cheung Kiu Cho, Vincent and Mr. Lio Weng Tong.
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MECOM Power and Construction Ltd. published this content on 22 September 2020 and is solely responsible for the information contained therein. Distributed by Public, unedited and unaltered, on 22 September 2020 12:59:00 UTC
MECOM Power and Construction Limited is an investment holding company mainly engaged in the construction engineering business. The Company principally engage in the provision of structural steelworks, civil engineering construction, and fitting out and renovation works; high voltage power substation construction and its system installation works; and facilities management, alteration and maintenance works and services. The structural steelworks services generally involve the provision of customised and target-oriented steel structure erection services which generally consist of structural steelworks, concreting and builder works. The civil engineering construction services generally involve demolition works, ground investigation field works, site formation works, foundation works, substructures and superstructures, roads and drainage. The fitting out and renovation works generally involve the provision of alteration, renovation and upgrading works.