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OTHERS BOUSTEAD HEAVY INDUSTRIES CORPORATION BERHAD ('BHIC" OR "THE COMPANY") - RECEIPT OF A LETTER OF AWARD FOR THE IN-SERVICE SUPPORT 2 PERFORMANCE BASED CONTRACT FOR THE ROYAL MALAYSIAN NAVY PRIME MINISTER CLASS SUBMARINES

BOUSTEAD HEAVY INDUSTRIES CORPORATION BHD

Type Announcement
Subject OTHERS
Description
BOUSTEAD HEAVY INDUSTRIES CORPORATION BERHAD ('BHIC" OR "THE COMPANY") - RECEIPT OF A LETTER OF AWARD FOR THE IN-SERVICE SUPPORT 2 PERFORMANCE BASED CONTRACT FOR THE ROYAL MALAYSIAN NAVY PRIME MINISTER CLASS SUBMARINES

The Company wishes to announce that on 12 June 2024, BHIC Submarine Engineering Services Sdn Bhd ("BSES") (200301092901), a wholly owned subsidiary of BHIC, has accepted the Letter of Award dated 5 June 2024 from the Ministry of Defence Malaysia representing the Government of Malaysia, awarding BSES the In-Service Support 2 Performance Based Contract for the Royal Malaysian Navy Prime Minister Class Submarines ("Contract") at a contract value of Ringgit Malaysia One Billion Ninety Nine Million Eight Hundred Ninety Thousand Two Hundred and Fifty Two only (RM1,099,890,252.00) including 8% Sales and Services Tax. A formal contract between the Government of Malaysia and BSES will be finalized and executed at a later date.

 

The Contract will contribute positively to the earnings of the BHIC Group for the financial year ending 31 December 2024.

 

Save for Tan Sri Dato' Wira Aziah Ali, (Dr.) Salihin Abang and Fahmy Ismail who are the Directors of BHIC and BSES, none of the directors or substantial shareholders of the Company, or persons connected with them, has any interest, direct or indirect, in the Contract.

 

This announcement is dated 12 June 2024.




Please refer attachment below.



Announcement Info

Company Name BOUSTEAD HEAVY INDUSTRIES CORPORATION BHD
Stock Name BHIC
Date Announced 12 Jun 2024
Category General Announcement for PLC
Reference Number GA1-12062024-00030



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