Company Name
:
JAKS RESOURCES BERHAD
Stock Name
:
JAKS  
Date Announced
:
18/11/2013


Type
:
Announcement
Subject
:
OTHERS

Description
:
JAKS Resources Berhad ("JAKS or the "Company")
JAKS Sdn Bhd secures RM236.6 Million contract from Ministry of Energy, Green Technology & Water.

Announcement Details/Table Section :


The Board of Directors of JAKS Resources Berhad ("JAKS" or the "Company") is pleased to announce that its wholly owned subsidiary, JAKS Sdn Bhd has on 18 November 2013 accepted the award for the proposed construction and completion of Package D52- Construction of sewerage pipe network and sewerage treatment plant rationalization in Puchong Selangor for a contract sum of RM236,588,558.00 only ("the Contract") from the Ministry of Energy, Green Technology & Water.

The Contract is for duration of 4 years and is expected to be completed by 25 November 2017.

The Contract will not have any financial effect on the earnings of the JAKS group for the financial year ending 31 December 2013 but is expected to contribute positively to JAKS Group's future earnings.

None of the Directors or major shareholders of the Company and persons connected with such Directors or major shareholders have any interest in the Contract.

This announcement is dated 18 November 2013.


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