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AWARD OF CONTRACT FOR THE PROVISION OF ONE (1) ANCHOR HANDLING TUG SUPPLY VESSEL

SILK HOLDINGS BERHAD

TypeAnnouncement
SubjectAWARD OF CONTRACT FOR THE PROVISION OF ONE (1) ANCHOR HANDLING TUG SUPPLY VESSEL
ContentsINTRODUCTION

SILK Holdings Bhd (“SILK”) is pleased to announce that its subsidiary, Jasa Merin Sdn Bhd (“JMSB”), had received a letter of award dated 6 January 2010 from Carigali Hess Operating Company Sdn Bhd (“CHOC”) for the provision of one (1) Anchor Handling Tug Supply Vessel (“AHTSV”) No. 2 to support CHOC’s drilling programme.

THE CONTRACT

The provision of the AHTSV No. 2 is to support CHOC in their drilling programme in the Malaysia – Thailand Joint Development Area. The contract is for a primary term of one (1) year with two (2) extension options of one (1) year each. The estimated contract sum is RM 12.4 Million. The contract is expected to commence in February 2010.

FINANCIAL EFFECTS

The abovementioned contract is expected to contribute positively to the earnings and assets of SILK for the financial year ending 31 July 2010 and 2011 respectively.

DIRECTORS’ AND MAJOR SHAREHOLDERS’ INTERESTS

None of the Directors or major shareholders or persons connected to the Directors or major shareholders has any direct or indirect interest in the contract.

DIRECTORS’ STATEMENT

The Board of SILK is of the opinion the acceptance of the contract is in the best interest of SILK Group.

This announcement is dated 11 January 2010.


Announcement Info

Company NameSILK HOLDINGS BERHAD  
Stock Name SILKHLD    
Date Announced11 Jan 2010  
CategoryGeneral Announcement
Reference NoCA-100111-62209


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