The Board of Directors of Hock Seng Lee Berhad (“HSL”) is pleased to announce that HSL has received the letter of acceptance of tender on 21 January 2010 from Jabatan Kerja Raya, Sarawak, for the Construction and Completion of Proposed Lubok Antu/Lemanak/Engkari Road (Package B), Sri Aman Division (Phase III – From Ng. Kesit to Ng. Gugu) (“the Project”). The contract sum for the Project is Ringgit Malaysia Thirty Five Million Seven Hundred Ninety Eight Thousand and One Hundred only (RM35,798,100.00).The scope of works includes earthworks, drainage, flexible pavement and bridges. The works of the Project will be due to be completed by February 2011.The contract is expected to contribute positively to the earnings and net assets of HSL Group for the financial years ending 2010 to 2011. None of the directors and/or major shareholders of HSL or persons connected to them have any interest, direct or indirect, in the above contract.
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