The Board of Directors of LLCB would like to inform that Sinohydro Corporation Limited - Loh & Loh Constructions Sdn. Bhd. Joint Venture has on 22 March 2010 accepted the terms of the Letter of Intent dated 17 March 2010 from Tenaga Nasional Berhad on the contract for "LOT CW2: MAIN CIVIL AND ASSOCIATED WORKS FOR THE HULU TERENGGANU HYDROELECTRIC PROJECT" ("the Project") for a contract sum of RM828,333,760.42 (Ringgit Malaysia: Eight Hundred Twenty-Eight Million Three Hundred Thirty-Three Thousand Seven Hundred Sixty and Sen Forty-Two only).
The time for completion for the Project shall be fifty-six (56) months with a defect notification period of twelve (12) months. Sinohydro Corporation Limited - Loh & Loh Constructions Sdn. Bhd. Joint Venture is an unincorporated joint venture between Sinohydro Corporation Limited and Loh & Loh Constructions Sdn. Bhd., a wholly-owned subsidirary of LLCB in the proportion of 40% and 60% respectively, to undertake the Project.
