Loh & Loh to be delisted

Javace Sdn Bhd, which has made a mandatory take-over offer to acquire all shares in Loh & Loh Corp Bhd, has received valid acceptances resulting in it and the parties acting in concert holding 65.84 million shares in Loh & Loh. This represents 96.82% of the issued and paid-up capital of the company, Loh & Loh told Bursa Malaysia yesterday.
The offerors do not intend to maintain the listing status of Loh & Loh in the event it holds 90% or more of the issued and paid-up share capital.
Hence the shares of the company will be suspended from trading on Nov 8, and its listing status will be withdrawn from the official list of Bursa Malaysia.

FAJARBARU BUILDER GROUP BHD

LETTER OF ACCEPTANCE

Fajarbaru Builder Sdn. Bhd. (“FBSB”) has on 21 October 2010 received a Letter of Acceptance dated 19 October 2010 from East Coast Economic Region Development Council (”ECERDC”) in respect of the contract for “Proposed Construction and Completion of Earthworks and Infrastructure works for Pasir Mas Halal park Phase 1 in Lot PT9942 in Gual Tambun, Mukim Apam, Daerah Gual Periok, Jajahan Pasir Mas, Kelantan Darul Naim” (“the Contract”) with total contract value of RM36,469,937.81.

WCT BERHAD

CONSTRUCTION, COMPLETION AND MAINTENANCE OF A GOVERNMENTAL ADMINISTRATIVE BUILDING IN DOHA, QATAR

WCT Berhad (“WCT” or “the Company”) wishes to announce that the Company has on 20 October 2010 received and accepted a contract (“Contract”) awarded by the Government of the State of Qatar (“the Employer”) for the Construction, Completion and Maintenance of a Governmental Administrative Building in Doha, Qatar (“the Works”) for a lump sum amount of QR1,590,750,000/= (Qatari Riyal One Billion Five Hundred and Ninety Million Seven Hundred and Fifty Thousand Only) or equivalent to approximately RM1.36 Billion.

WCT BERHAD

Design, Construction, Completion, Equipping, Commissioning and Maintenance of Tuaran Hospital, Sabah, Malaysia

WCT Berhad (“WCT” or “the Company”) wishes to announce that the Company has on 20th October 2010, received and accepted an award (“Award”) issued by Jabatan Kerja Raya Malaysia (“Employer”) for the Design, Construction, Completion, Equipping, Commissioning and Maintenance of the Tuaran Hospital in Sabah, Malaysia (“the Works”).

The contract sum is RM127,800,000/= (Ringgit One Hundred and Twenty Seven Million Eight Hundred Thousand Only) and the Works are expected to be completed on 1st May 2013.

BINA PURI HOLDINGS BHD

Cadangan Membina Dan Menyiapkan 3 Block Pangsapuri Di Atas Sebahagian Lot 41396, Hulu Kinta, Daerah Kinta, Ipoh, Perak Darul Ridzuan Untuk Tetuan The Haven Sdn. Bhd.

Bina Puri Holdings Bhd. (“BPHB”) has signed the letter of acceptance from Superboom (Perak) Sdn. Bhd. on 19 October 2010 to undertake the project known as “Cadangan Membina Dan Menyiapkan 3 Block Pangsapuri Di Atas Sebahagian Lot 41396, Hulu Kinta, Daerah Kinta, Ipoh, Perak Darul Ridzuan Untuk Tetuan The Haven Sdn. Bhd.” for the contract sum of RM82.32 million. BPHB will form a joint venture with Beijing Construction Engineering (M) Sdn. Bhd., a wholly-owned subsidiary of China’s largest building contractor, Beijing Construction Engineering Group (“BCEG”) to build its flagship condominium, The Haven, in Ipoh. The project is targeted for completion in 2013. With the award, the Group’s current book order stands at RM2.67 billion as at to date. The Group had managed to secure new projects worth RM1.72 billion in 2010.

WCT BERHAD

Award of Build-Operate-Transfer (“BOT”) Concession by Malaysia Airports Holdings Berhad - Integrated Complex at the New Low Cost Carrier Terminal at Kuala Lumpur International Airport, Sepang, Selangor, Malaysia The Board of Directors of WCT Berhad (“WCT” or “the Company”) wishes to announce that the Company has on 7th October 2010 accepted the award of a BOT Concession by Malaysia Airports Holdings Berhad (“MAHB”) vide a Letter of Acceptance to undertake the Privatisation of the Development of an Integrated Complex and All Associated Works at the New Low Cost Carrier Terminal (KLIA2) (“Integrated Complex”) at the Kuala Lumpur International Airport (KLIA), Sepang, Selangor, Malaysia, on a Build-Operate-Transfer Model for a Concession Period of up to twenty-five (25) Years (“Concession”). Upon its expiry, the Concession Period may be extended for a further ten (10) years subject to the terms and conditions to be mutually agreed by WCT and MAHB.Pursuant to the Letter of Acceptance, WCT and MAHB will jointly undertake the Concession via a special purpose vehicle (“SPV”) subject to the execution of the Concession Agreement upon such further terms and conditions to be mutually agreed upon. WCT’s and MAHB’s equity interest in the SPV shall be in the proportion of 70% and 30% respectively.