The Company is pleased to announce that its wholly-owned
subsidiary, Trans Resources Corporation Sdn Bhd ("TRC") had on 18 May
2012 received the Letter of Acceptance from Mass Rapid Transit
Corporation Sdn Bhd, in relation to the contract known "Package DPT1 :
Construction and Completion of Sungai Buloh Maintenance Depot,
Administration Building, External Works and Other Associated Works for
Projek Mass Rapid Transit Lembah Kelang : Jajaran Sungai Buloh - Kajang
(Contract No. : MRTCORP/KVMRT-SBK/ELE/DPT1/130)" for a contract sum of
RM 458,980,000.00 ("the Project").
The Project will not have any
effect on the issued and paid-up share capital, substantial
shareholders' shareholdings, net assets per share and gearing of the
Company and its subsidiaries ("TRC Group").
circumstances, the Board is of the opinion that the Project will
contribute positively to the earnings and earnings per share of the TRC
Group in the future.
None of the Directors of the Company, its
substantial shareholders or person connected with Directors and
substantial shareholders have any interest in the Project.
Board, after having considered all aspects of the Letter of Acceptance
is of the opinion that the Project is in the best interest of the TRC
The Letter of Acceptance is available for inspection at the
registered office of the Company during office hours from Monday to
Friday at TRC Business Centre, Jalan Andaman Utama, 68000 Ampang,
Selangor Darul Ehsan, Malaysia for a period of three (3) months from the
date of this announcement.
This announcement is dated 18 May 2012.