The Board of Directors of MMode is pleased to announce that its wholly owned subsidiary company, E&J Builders Sdn Bhd (“E&J”), had on 2 November 2017 accepted the letter of award from Titijaya PMC Sdn Bhd (Company No. 1047442-P), for the appointment of E&J as the Main Contractor to undertake and complete the Earthworks and Ancillary Sitework for “Cadangan Kerja Tanah di atas Lot 85722 & Lot 85723, Jalan U6/98, Seksyen U6, Shah Alam, Selangor Darul Ehsan” (“the Project”).
The contract sum for the Project is Ringgit Malaysia Six Million Six Hundred Forty Three Thousand and Five Hundred Only (RM6,643,500.00) (excluding 6% Goods and Services Tax) and the Project is expected to be completed within six (6) months from 1 November 2017 or within such extended time as instructed by the Superintending Officer and provided by the Conditions of Contract.
The Project is expected to contribute positively to the earnings and net assets of MMode Group for the financial year ending 31 May 2018.
None of the Directors and/or major shareholders of the Company or persons connected with them, have any interest, direct or indirect, in the Project.
This announcement is dated 2 November 2017
