LETTER OF AWARD FOR 275KV OVERHEAD TRANSMISSION LINE FOR BAKUN-SIMILAJAU TRANSMISSION SYSTEM
Naim Holdings Berhad (“the Company”) is pleased to announce that the Company’s unincorporated joint venture, Sinohydro-Naim JV has on 12 January 2010 received a Letter of Award for Package B Part I and II of the 275KV Overhead Transmission Line Projects for Bakun-Similajau Transmission System from Sarawak Energy Berhad for a lump sum of Ringgit Malaysia Two Hundred and Nine million, one hundred and seven thousand, nine hundred eighty-six only (RM209,107,986.00) with a contract period of 24 months.The above contract is expected to contribute positively to the earnings of the Group for the financial year ending 31 December 2010.Save for Datuk Abdul Hamed Bin Sepawi who is the Chairman of Sarawak Energy Berhad, none of the Directors or Substantial Shareholders or persons connected with them has any interest, direct or indirect, in the transaction.
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