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发表于 8-4-2020 07:33 AM
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Date of change | 07 Jan 2020 | Name | MR LIEW KOK WING | Age | 51 | Gender | Male | Nationality | Malaysia | Designation | Alternate Director | Directorate | Executive | Type of change | Appointment |
QualificationsNo | Qualifications | Major/Field of Study | Institute/University | Additional Information | | 1 | Masters | Civil Engineering | National University Singapore | | | 2 | Degree | Civil Engineering | National University Singapore | |
Working experience and occupation | Mr Liew Kok Wing ("Mr Liew") began his career with L & M Geotechnics, Singapore in 1993, as a Project Engineer at various construction projects in Singapore. In 1996, he was transferred to L & M Systems, Thailand as Project Manager in charge of infrastructure works for a low rise luxury housing project in Bangkok. In the same year, he left to join Taylor Woodrow Projects (M) Bhd as a Geotechnical Engineer before joining Sunway Construction Sdn Bhd ("SCSB"), a subsidiary of the Company.From November 1996 to March 1998, he served as a Senior Geotechnical Engineer in SCSB, where he was involved in geotechnical works for various projects undertaken by SCSB in Malaysia. He then joined Nishimatsu Construction Company Singapore as a Senior Engineer in April 1998, working on an open shield MRT tunnel boring construction project.He rejoined SCSB in 2000 as Site Agent and was promoted during the course of overseeing various projects undertaken by Sunway Construction Group in Malaysia and India to the position of Assistant General Manager in 2005. In 2013 he was promoted as the Senior General Manager - Civil, heading the Civil Engineering Division.Mr Liew was promoted as the Deputy Managing Director of SCSB in 1 January 2016. He has more than 26 years of experience in the construction industry. He has a well-rounded exposure in Civil and Infrastructure works, Foundation and Geotechnical Engineering, and Building works. | Directorships in public companies and listed issuers (if any) | No | Family relationship with any director and/or major shareholder of the listed issuer | No | Any conflict of interests that he/she has with the listed issuer | No | Details of any interest in the securities of the listed issuer or its subsidiaries | No |
| Remarks : | | Mr Liew Kok Wing is appointed as Alternate Director to Mr Chung Soo Kiong, Group Managing Director of the Company. |
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发表于 23-4-2020 08:43 AM
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SUMMARY OF KEY FINANCIAL INFORMATION
31 Dec 2019 |
| | INDIVIDUAL PERIOD | CUMULATIVE PERIOD | CURRENT YEAR QUARTER | PRECEDING YEAR
CORRESPONDING
QUARTER | CURRENT YEAR TO DATE | PRECEDING YEAR
CORRESPONDING
PERIOD | 31 Dec 2019 | 31 Dec 2018 | 31 Dec 2019 | 31 Dec 2018 | $$'000 | $$'000 | $$'000 | $$'000 |
| 1 | Revenue | 485,935 | 626,015 | 1,768,727 | 2,256,835 | | 2 | Profit/(loss) before tax | 40,507 | 47,183 | 157,396 | 182,731 | | 3 | Profit/(loss) for the period | 32,701 | 36,754 | 130,330 | 144,765 | | 4 | Profit/(loss) attributable to ordinary equity holders of the parent | 31,639 | 36,497 | 129,324 | 144,426 | | 5 | Basic earnings/(loss) per share (Subunit) | 2.45 | 2.82 | 10.02 | 11.18 | | 6 | Proposed/Declared dividend per share (Subunit) | 3.50 | 3.50 | 7.00 | 7.00 |
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| AS AT END OF CURRENT QUARTER | AS AT PRECEDING FINANCIAL YEAR END | 7
| Net assets per share attributable to ordinary equity holders of the parent ($$) | 0.4800 | 0.4600
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发表于 23-4-2020 08:44 AM
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| SUNWAY CONSTRUCTION GROUP BERHAD |
Entitlement subject | Second Interim Dividend | Entitlement description | Second interim single tier dividend of 3.5 Sen per ordinary share for the financial year ended 31 December 2019 | Ex-Date | 12 Mar 2020 | Entitlement date | 13 Mar 2020 | Entitlement time | 05:00 PM | Financial Year End | 31 Dec 2019 | Period |
| | Share transfer book & register of members will be | to closed from (both dates inclusive) for the purpose of determining the entitlement | Payment Date | 08 Apr 2020 | a.Securities transferred into the Depositor's Securities Account before 4:30 pm in respect of transfers | 13 Mar 2020 | b.Securities deposited into the Depositor's Securities Account before 12:30 pm in respect of securities exempted from mandatory deposit |
| | c. Securities bought on the Exchange on a cum entitlement basis according to the Rules of the Exchange. | Number of new shares/securities issued (units)
(If applicable) |
| | Entitlement indicator | Currency | Announced Currency | Malaysian Ringgit (MYR) | Disbursed Currency | Malaysian Ringgit (MYR) | Entitlement in Currency | Malaysian Ringgit (MYR) 0.0350 |
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发表于 18-5-2020 08:21 AM
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Type | Announcement | Subject | OTHERS | Description | SUNWAY CONSTRUCTION GROUP BERHAD ("SUNCON") - LETTER OF AWARD ISSUED BY NATIONAL HIGHWAYS AUTHORITY OF INDIA | 1. INTRODUCTION
The Board of Directors of SunCon is pleased to announce that Sunway Construction Sdn Bhd – RNS Infrastructure Limited (“Consortium”), a consortium formed by Sunway Construction Sdn Bhd (“SCSB”), a wholly-owned subsidiary of SunCon and RNS Infrastructure Limited ("RNS") has been awarded and has today, accepted the Letter of Award (“LOA”) issued by the National Highways Authority of India (“NHAI”), for the following project for a total contract sum of Rs.864.51 Crore in addition to a 15-years operating and maintenance contract at Rs.7.08 Crore per annum:
“Four laning of Thorapalli Agraharam – Jittandahalli Section of NH-844 from Km 25.000 to Km 63.500 (existing Chainage) corresponding to Km 23.350 to Km 60.100 (Design Chainage) under Bharatmala Pariyojana Phase-I (National Corridor) on Hybrid Annuity Model in the State of Tamil Nadu (Package-II of Hosur Dharamapuri Section)” (hereinafter referred to as the “TJ Project”).
2. ABOUT THE TJ PROJECT
The TJ Project will be operated under the Hybrid Annuity Model (“HAM”) for a concession period of 15 years plus 2-years construction period. The construction for the TJ Project shall commence in October 2020 and is expected to be completed within 2 years. A Concession Agreement for the TJ Project will be signed in May 2020.
Under the HAM, NHAI will pay 40% of the project cost in the first two years during the construction period in five equal installments whereas the remaining 60% is paid over 15 years as fixed annuity amount plus interest which is benchmarked at RBI (Reserve Bank of India) rate + 3%. There is no toll right for the concessionaire. Revenue collection from the highway toll would be the responsibility of the NHAI.
The TJ Project is expected to contribute positively to the earnings of SunCon Group from the financial year ending 31 December 2021 onwards.
3. INFORMATION ON THE CONSORTIUM
The Consortium has been formed between SCSB and RNS with the following participation interest, for the purpose of jointly bidding for the TJ Project:
SCSB: 60% RNS: 40% 4. INFORMATION ON RNS
RNS is a company incorporated in India with its registered address situated at Murudeshwar Bhawan, Gokul Road, Hubli 580 030, Karnataka, India. RNS has a paid-up share capital of INR63,000,000 comprising 63,000,000 ordinary shares.
RNS is an Indian local company owned by R.N. Shetty family. RNS provides wide range of infrastructure construction services such as construction of dams, highways, bridges, tunnels, power houses, and residential buildings.
Apart from construction, RNS Group has exposure in education (nursing college, polytechnic and institute of technology), hotels, power plant and wind farms, manufacture of vitrified tiles and ceramic tiles, as well as dealership and showroom for Maruti cars.
RNS was SCSB first joint venture partner when SCSB ventured into India in June 2001 for its first 2 infrastructure projects.
5. REQUIREMENTS OF NHAI
It is a requirement of NHAI that a limited liability company shall be incorporated under the Indian Companies Act 2013 to undertake and perform the obligations and exercise the rights of the Consortium under the LOA, including the obligation to enter into the Concession Agreement for the execution of the TJ Project.
In view thereof, SCSB and RNS will jointly incorporate a company in India (“JV Company”) with the same proportion of equity interest as mentioned above to jointly carry out the TJ Project.
SCSB will fund its share of the equity participation in the JV Company through internally generated funds. The TJ Project will be financed by the JV Company via its share capital as well as external borrowing.
6. PROJECT RISK AND OTHER ASSOCIATED RISKS
Project Risk
The TJ Project has price fluctuation clause throughout the 2-years construction period and 15 years' maintenance period.
In addition, NHAI will pay the JV Company interest income on the 60% of the contract sum which will be paid over 15 years at RBI (Reserve Bank of India) rate + 3%. Under the HAM, it provides enough liquidity to the concession holder and the financial risk is shared by the NHAI. This will mitigate the fluctuating interest rate risk of the JV Company in financing the 60% portion of the project throughout 15 years.
Financing Risk
Based on SCSB’s net cashflow and strong financial position, the JV Company is confident in securing the financial close for this TJ Project.
Foreign Currency Exchange Risk
Most of the costs of the TJ Project will be in Indian local currency. Coupled with the plan to have local INR financing, SCSB’s risk in relation to foreign exchange is limited apart from SCSB’s capital investment in the JV Company which SCSB will need to repatriate back once the concession period for the TJ Project ends.
7. DIRECTORS' AND MAJOR SHAREHOLDERS' INTEREST
Insofar as the Directors are aware, none of the Directors or major shareholders of SunCon or persons connected with them has any interest, direct or indirect, in the TJ Project.
This announcement is dated 26 March 2020. |
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发表于 9-6-2020 08:28 AM
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SUMMARY OF KEY FINANCIAL INFORMATION
31 Mar 2020 |
| | INDIVIDUAL PERIOD | CUMULATIVE PERIOD | CURRENT YEAR QUARTER | PRECEDING YEAR
CORRESPONDING
QUARTER | CURRENT YEAR TO DATE | PRECEDING YEAR
CORRESPONDING
PERIOD | 31 Mar 2020 | 31 Mar 2019 | 31 Mar 2020 | 31 Mar 2019 | $$'000 | $$'000 | $$'000 | $$'000 |
| 1 | Revenue | 365,826 | 440,035 | 365,826 | 440,035 | | 2 | Profit/(loss) before tax | 21,225 | 40,127 | 21,225 | 40,127 | | 3 | Profit/(loss) for the period | 16,912 | 31,633 | 16,912 | 31,633 | | 4 | Profit/(loss) attributable to ordinary equity holders of the parent | 16,350 | 31,018 | 16,350 | 31,018 | | 5 | Basic earnings/(loss) per share (Subunit) | 1.27 | 2.40 | 1.27 | 2.40 | | 6 | Proposed/Declared dividend per share (Subunit) | 0.00 | 0.00 | 0.00 | 0.00 |
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| AS AT END OF CURRENT QUARTER | AS AT PRECEDING FINANCIAL YEAR END | 7
| Net assets per share attributable to ordinary equity holders of the parent ($$) | 0.5000 | 0.4800
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发表于 9-6-2020 08:30 AM
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Type | Announcement | Subject | OTHERS | Description | SUNWAY CONSTRUCTION GROUP BERHAD ("SUNCON") - LETTER OF AWARD ISSUED BY SUNWAY EDUCATION GROUP SDN BHD | The Board of Directors of SunCon is pleased to announce that Sunway Construction Sdn Bhd (“SCSB”) has today accepted the Letter of Award issued by Sunway Education Group Sdn Bhd (“SEG”) to SCSB for the proposed development of Sunway International School on Lot no. PT 896, 897, 17, 18, 20, 21, 22, 23, 24, 25, 26, 27, 28, 29, 30, 31 and part of Simpanan Jalan, Jalan Subang 1 USJ 1, Mukim Damansara, Daerah Petaling, Selangor Darul Ehsan, for a total contract sum of RM120,981,263.00 (“SIS Project”).
The SIS Project shall commence on 15 June 2020 and is expected to be completed on 30 June 2022. The SIS Project is expected to contribute positively to the earnings of SunCon Group from the financial year ending 31 December 2020 onwards.
The SIS Project is subject to normal construction risk of materials price fluctuation. However, with the past experiences and expertise of SCSB in construction projects, this risk could be mitigated.
Save for Tan Sri Dato’ Seri Dr Jeffrey Cheah Fook Ling, who is a major shareholder of SunCon and a Director of SEG, and Dato’ Chew Chew Kin, who is a Director of both SunCon and SEG, none of the Directors or major shareholders or person connected with them has any interest, whether direct or indirect in the SIS Project. Both Tan Sri Dato’ Seri Dr Jeffrey Cheah Fook Ling and Dato’ Chew Chee Kin do not hold any shares, directly or indirect, in SEG.
The total new projects secured by SunCon Group this year including the abovementioned SIS Project amounts to RM688 million.
This announcement is dated 21 May 2020. |
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发表于 3-8-2020 08:34 AM
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Type | Announcement | Subject | OTHERS | Description | SUNWAY CONSTRUCTION GROUP BERHAD ("SUNCON") - MEMORANDUM OF UNDERSTANDING BETWEEN SUNWAY CONSTRUCTION SDN BHD AND ENGIE SOUTH EAST ASIA PTE LTD | 1. INTRODUCTION We wish to announce that Sunway Construction Sdn Bhd (“SCSB”), a wholly-owned subsidiary of SunCon, had today entered into a Memorandum of Understanding (“MOU”) with ENGIE South East Asia Pte Ltd (“ENGIE SEA”) to record the parties’ intention to collaborate via a joint venture company (“JV Company”) to undertake, as a project owner and developer, engineering, financing, construction, operations and maintenance of district cooling system (brown field or green field) in Malaysia. SCSB and ENGIE SEA shall collectively be referred to as the “Parties”.
2. INFORMATION ON SCSB AND ENGIE SEA 2.1 SCSB SCSB is a private company incorporated in Malaysia and having its registered office at Level 16, Menara Sunway, Jalan Lagoon Timur, Bandar Sunway, 47500 Subang Jaya, Selangor. The paid-up capital of SCSB is RM232,469,300 comprising 193,954,000 ordinary shares.
SCSB is principally involved in providing full range of integrated design and construction services including building, infrastructure, foundation and geotechnical engineering, mechanical, electrical and plumbing services.
2.2 ENGIE SEA ENGIE SEA is a private company incorporated in Singapore and having its registered office at No. 108 Pasir Panjang Road, #05-04 Golden Agri Plaza Singapore 118535. The paid-up capital of ENGIE is SGD133,601,828 comprising 106,402,055 ordinary shares.
ENGIE SEA consists of a fast-growing team of over 2,000 employees across different countries including Singapore, Malaysia, Thailand and the Philippines. ENGIE SEA develops tailor made integrated energy solutions “as a service” to its customers in commercial buildings, industries and cities. Its solutions include smart, energy-efficient equipment, powered using carbon-free energy, drastically reducing consumption.
ENGIE SEA’s objective is to accelerate the transition towards a carbon-neutral economy by combining its expertise in infrastructures with strategy, design, engineering, energy-efficient asset construction, digital platforms, operations management, financing solutions and outcome assurance.
ENGIE Group operates 393 district heating and cooling networks globally including four district cooling plants in South East Asia such as Megajana District Cooling System at Cyberjaya, Malaysia, Northgate District Cooling Plant in the Philippines and the District Cooling Systems for Punggol Digital District in Singapore.
3. SALIENT TERMS OF THE MOU 3.1 Pursuant to the MOU, the Parties shall negotiate and discuss the terms and conditions of the joint venture agreement.
3.2 The Parties shall work together to incorporate the JV Company with the proportion of equity interest as mutually agreed by the Parties as soon as practicable after the execution of the joint venture agreement.
3.3 Sunway Engineering Sdn Bhd, an indirect wholly owned subsidiary of SunCon, and ENGIE SEA’s affiliate shall be given the first right of refusal to perform the engineering, procurement and construction (EPC) scope of works as well as the operation and maintenance scope of services respectively for the DCS projects undertaken by the JV Company, subject to the competitiveness of their respective offer.
4. RATIONALE The collaboration between the Parties will accelerate the adoption of district cooling technology in Malaysia, which will contribute towards the nation’s environmental sustainability goals. The JV Company to be set up will undertake the DCS projects, including some of Sunway Berhad’s (“Sunway”) (a major shareholder of SunCon) portfolio of office buildings, retail malls, educational institutions, medical centres, hotels, resorts, theme parks and factories. The JV Company will also leverage on SunCon’s capabilities and Sunway’s network and experience as a conglomerate with 13 business divisions and the core business, as well as technical competencies of ENGIE in integrated green and sustainable environmental solutions.
5. EFFECTS OF THE MOU 5.1 Share Capital and Substantial Shareholders’ Shareholding The MOU will not have any effect on the share capital and substantial shareholders’ shareholding of SunCon as it does not involve any allotment or issuance of new shares by SunCon.
5.2 Earnings Per Share, Net Assets Per Share and Gearing The MOU is not expected to have any immediate material effect on the earnings per share, net assets per share and gearing of SunCon for the financial year ending 31 December 2020.
6. APPROVALS REQUIRED The execution of the MOU does not require approval from the shareholders of SunCon or any relevant authorities.
7. DIRECTORS AND MAJOR SHAREHOLDERS’ INTEREST Insofar as the Directors are aware, none of the Directors or major shareholders of SunCon or persons connected with them has any interest, direct or indirect, in the MOU.
8. STATEMENT BY THE BOARD OF DIRECTORS The Board of Directors of SunCon is of the opinion that the entering of the MOU is in the best interest of SunCon Group.
This announcement is dated 9 June 2020.
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发表于 14-12-2020 08:28 AM
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SUMMARY OF KEY FINANCIAL INFORMATION
30 Jun 2020 |
| | INDIVIDUAL PERIOD | CUMULATIVE PERIOD | CURRENT YEAR QUARTER | PRECEDING YEAR
CORRESPONDING
QUARTER | CURRENT YEAR TO DATE | PRECEDING YEAR
CORRESPONDING
PERIOD | 30 Jun 2020 | 30 Jun 2019 | 30 Jun 2020 | 30 Jun 2019 | $$'000 | $$'000 | $$'000 | $$'000 |
| 1 | Revenue | 140,181 | 440,175 | 506,007 | 880,210 | | 2 | Profit/(loss) before tax | 2,340 | 41,200 | 23,565 | 81,327 | | 3 | Profit/(loss) for the period | 2,125 | 32,972 | 19,037 | 64,605 | | 4 | Profit/(loss) attributable to ordinary equity holders of the parent | 2,193 | 33,185 | 18,543 | 64,203 | | 5 | Basic earnings/(loss) per share (Subunit) | 0.17 | 2.57 | 1.44 | 4.97 | | 6 | Proposed/Declared dividend per share (Subunit) | 1.25 | 3.50 | 1.25 | 3.50 |
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| AS AT END OF CURRENT QUARTER | AS AT PRECEDING FINANCIAL YEAR END | 7
| Net assets per share attributable to ordinary equity holders of the parent ($$) | 0.4600 | 0.4800
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发表于 14-12-2020 08:29 AM
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| SUNWAY CONSTRUCTION GROUP BERHAD |
Entitlement subject | First Interim Dividend | Entitlement description | First interim single tier dividend of 1.25 Sen per ordinary share for the financial year ending 31 December 2020 | Ex-Date | 09 Sep 2020 | Entitlement date | 10 Sep 2020 | Entitlement time | 5:00 PM | Financial Year End | 31 Dec 2020 | Period |
| | Share transfer book & register of members will be | to closed from (both dates inclusive) for the purpose of determining the entitlement | Payment Date | 24 Sep 2020 | a.Securities transferred into the Depositor's Securities Account before 4:30 pm in respect of transfers | 10 Sep 2020 | b.Securities deposited into the Depositor's Securities Account before 12:30 pm in respect of securities exempted from mandatory deposit |
| | c. Securities bought on the Exchange on a cum entitlement basis according to the Rules of the Exchange. | Number of new shares/securities issued (units)
(If applicable) |
| | Entitlement indicator | Currency | Announced Currency | Malaysian Ringgit (MYR) | Disbursed Currency | Malaysian Ringgit (MYR) | Entitlement in Currency | Malaysian Ringgit (MYR) 0.0125 | |
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发表于 14-12-2020 08:51 AM
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Type | Announcement | Subject | OTHERS | Description | SUNWAY CONSTRUCTION GROUP BERHAD ("SUNCON") - LETTERS OF AWARD ISSUED BY SUNWAY SOUTH QUAY SDN BHD AND SUNWAY BELFIELD SDN BHD | The Board of Directors of SunCon is pleased to announce that Sunway Construction Sdn Bhd (“SCSB”) has today, accepted two Letters of Award in respect of the following projects:-
(a) Letter of Award issued by Sunway South Quay Sdn Bhd (“SSQ”), an indirect subsidiary of Sunway Berhad (“Sunway”), which in turn is a major shareholder of SunCon, for the Proposed Construction of Commercial Mixed Development with Carparks and Amenities at Parcel CP2, Jalan Lagoon Selatan, Sunway South Quay, Bandar Sunway, Selangor Darul Ehsan (“CP2 Project”) for a total contract sum of RM463,171,764.05.
The total contract sum for the CP2 Project is inclusive of the substructure works awarded by SSQ to SCSB through a letter of intent (“LOI”) worth RM119.0 million. The LOI has been announced by the Company on 28 June 2019. The CP2 Project, including the substructure works, has commenced on 15 July 2019 and is expected to be completed on 14 December 2023;
(b) Letter of Award issued by Sunway Belfield Sdn Bhd, an indirect subsidiary of Sunway, for the Proposed Development of 3 Blocks of Service Apartments with Carparks and Amenities on the land held under Lot No. 20010 (formerly known as Lot 1152), Seksyen 69, Jalan Belfield, Wilayah Persekutuan, Kuala Lumpur (“Belfield Project”) for a total contract sum of RM402,863,000. The Belfield Project shall commence on 23 September 2020 and is expected to be completed in June 2024.
The CP2 Project and Belfield Project (collectively referred to as the “Projects”) are expected to contribute positively to the earnings of SunCon Group from the financial year ending 31 December 2020 onward.
The Projects are subject to normal construction risk of materials price fluctuation. However, with the past experiences and expertise of SCSB in construction projects, this risk could be mitigated.
The Projects are considered as related party transaction by virtue of Evan Cheah Yean Shin being a Director and major shareholder of SunCon as well as director of several subsidiaries and major shareholder of Sunway. Tan Sri Dato’ Seri Dr Jeffrey Cheah Fook Ling, Puan Sri Datin Seri (Dr) Susan Cheah Seok Cheng, Sarena Cheah Yean Tih, Adrian Cheah Yean Sun, Sungei Way Corporation Sdn Bhd and Active Equity Sdn Bhd are major shareholders of both SunCon and Sunway as well as person connected to Evan Cheah Yean Shin. Tan Sri Dato' (Dr) Chew Chee Kin is a Director of both SunCon and Sunway.
SunCon has obtained its shareholders’ mandate for such recurrent related party transactions entered into or to be entered into by SunCon and its subsidiaries with Sunway and its group of companies at its annual general meeting held on 5 August 2020.
The total new projects secured by SunCon Group this year including the abovementioned Projects amount to RM1.472 billion.
This announcement is dated 18 August 2020. |
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发表于 16-12-2020 04:48 AM
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Type | Announcement | Subject | OTHERS | Description | SUNWAY CONSTRUCTION GROUP BERHAD ("SUNCON" OR "COMPANY") - AGREEMENT WITH MRCB GEORGE KENT SDN BHD IN RESPECT OF THE LRT3 PROJECT (PACKAGE GS07-08) | We refer to the Company’s announcements dated 5 October 2017 and 22 February 2019 in relation to the award of the project by Prasarana Malaysia Berhad (“Prasarana”) to Sunway Construction Sdn Bhd (“SCSB”), a wholly-owned subsidiary of SunCon for the Construction and Completion of Guideway, Stations, Park and Rides, Ancillary Buildings and Other Associated Works for Package GS07-08 for Light Rail Transit Line 3 (LRT3) Project from Bandar Utama to Johan Setia (“Project”), the Board of Directors of SunCon wishes to announce that an agreement was signed by MRCB George Kent (“MRCBGK”) and SCSB on 19 August 2020 (“Agreement”) following the appointment of MRCBGK as a turnkey contractor as a result of the change from a project delivery partnership to a turnkey contract pursuant to a contract between Prasarana and MRCBGK.
Pursuant to the Agreement, the scope of works in the Package GS07-08 contract has been revised and agreed with the salient amendments as follows: (a) The design and scope of the Project has changed, and with this, a new revised contract price of RM1,295,000,000.00 is agreed between SCSB and MRCBGK; and (b) The revised completion date for the Project will be 30 November 2023.
This announcement is dated 19 August 2020. |
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发表于 21-1-2021 07:18 AM
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Type | Announcement | Subject | OTHERS | Description | SUNWAY CONSTRUCTION GROUP BERHAD ("SUNCON" OR "COMPANY") - CLOSURE OF BUSINESS OF SILVER COAST-SUNWAY INNOPAVE JOINT VENTURE | 1. INTRODUCTION The Board of Directors of SunCon wish to announce that Sunway Innopave Sdn Bhd (“SunInno”), an indirect wholly owned subsidiary of the Company, has signed a closure of business letter with Silver Coast Construction & Boring (“Silver Coast”) to end the business of the unincorporated joint venture with Silver Coast, namely Silver Coast-Sunway Innopave Joint Venture (“SC-SI JV”).
2. INFORMATION ON SUNINNO, SILVER COAST AND SC-SI JV 2.1 SunInno SunInno is a company incorporated in Malaysia and having its registered office at Level 16, Menara Sunway, Jalan Lagoon Timur, Bandar Sunway, 47500 Subang Jaya, Selangor Darul Ehsan. The total share capital of SunInno is RM500,000.00 comprising 500,000 ordinary shares. 2.2 Silver Coast Silver Coast is an establishment having its principal place of business in Abu Dhabi, United Arab Emirates. 2.3 SC-SI JV SC-SI JV was established pursuant to a Joint Venture Agreement dated 23 March 2008 (“JV Agreement”) entered into between SunInno and Silver Coast to jointly carry out the Works (as defined herein).
3. BACKGROUND OF JV AGREEMENT SunInno had on 23 March 2008 entered into the JV Agreement with Silver Coast to form an unincorporated joint venture, namely SC-SI JV, to jointly bid for and carry out the works known as “Zayed Sports City Development, Sector W-57, Abu Dhabi, United Arab Emirates, Phase 1A – Residential Plot 1” (“Works”). The Works have been completed and the parties have fulfilled all their duties, obligations and undertakings under the JV Agreement.
4. RATIONALE FOR THE CLOSURE In view of the completion of the Works, the parties have mutually agreed to close the business of the SC-SI JV.
5. EFFECTS OF THE CLOSURE The closure of business of the SC-SI JV has no material effect on SunCon’s earnings per share and net assets per share. There will also be no effect on the share capital and substantial shareholders’ shareholding of SunCon.
6. APPROVAL REQUIRED The closure of business of the SC-SI JV does not require approval from the shareholders of SunCon or any authorities.
7. DIRECTORS’ AND MAJOR SHAREHOLDERS’ INTERESTS Insofar as the Directors are aware, none of the Directors or major shareholders of SunCon or persons connected with them has any interest, whether direct or indirect, in the closure of business of the SC-SI JV.
This announcement is dated 23 September 2020.
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发表于 5-2-2021 07:51 AM
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Type | Announcement | Subject | OTHERS | Description | SUNWAY CONSTRUCTION GROUP BERHAD ("SUNCON") - LETTERS OF AWARD ISSUED BY SUNWAY VELOCITY TWO SDN BHD AND SUNWAY MEDICAL CENTRE SDN BHD | The Board of Directors of SunCon is pleased to announce that Sunway Construction Sdn Bhd (“SCSB”) has today, accepted two Letters of Award in respect of the following projects:- (a) Letter of Award issued by Sunway Velocity Two Sdn Bhd (“SVTSB”), an indirect subsidiary of Sunway Berhad (“Sunway”) which in turn is a major shareholder of SunCon, in respect of the Main Building and Associated External Works for the Proposed Commercial Development of Sunway Velocity Two – Plot B Project which comprises the following: (i) Phase 2A - 2 storeys of Business Premises, 8 storeys of Podium Carpark and 1 storey of Basement Carpark; (ii) Phase 2B - 39 storeys of Serviced Apartment (Block C); and (iii) Phase 2C - 39 storeys of Serviced Apartment (Block D) on the land held under Lot No. 20056, Jalan Peel, Seksyen 90, Bandar Kuala Lumpur, Wilayah Persekutuan Kuala Lumpur for a total contract sum of RM253,564,920.72 (“V2 Project”).
The V2 Project shall commence in November 2020 and is expected to be completed in September 2023; and
(b) Letter of Award issued by Sunway Medical Centre Sdn Bhd (“SMCSB”), an indirect subsidiary of Sunway, in respect of the Main Building Works for the Proposed Development of Sunway Medical Centre – Phase 4 Project which comprises the following: (i) Phase 4A: 2 blocks of Medical Centres with 15 storeys and 10 storeys each; and 1 block of 9 storeys of Elevated Carpark on part of the land held under Lot No. 1356 (HSD 308674) and Lot No. 1368 (HSD 320686); (ii) Phase 4B: 1 block of a 16-storey Hotel Suite on part of the land held under Lot No. 1356 (HSD 308674); and (iii) Phase 4C: 1 block of a 9-storey Private Medical Centre on the land held under Lot No. 1368 (HSD 320686), Jalan Lagoon Selatan, Bandar Sunway, Mukim Damansara, Daerah Petaling, Selangor Darul Ehsan for a total contract sum of RM612,305,000.00 (“SMC4 Project”). Out of the total contract sum, RM450.0 million had been accounted for in the existing order book of SunCon as SCSB has commenced works on the SMC4 Project upon the receipt of the Letter of Intent dated 1 June 2018 issued by SMCSB.
The SMC4 Project had commenced in August 2018 and is expected to be completed in August 2022.
The V2 Project and SMC4 Project (collectively referred to as the “Projects”) are expected to contribute positively to the earnings of SunCon Group from the financial year ending 31 December 2020 onwards.
The Projects are subject to normal construction risk of materials price fluctuation. However, with the past experiences and expertise of SCSB in construction projects, this risk could be mitigated. The Projects are considered as related party transactions by virtue of Evan Cheah Yean Shin being a Director and major shareholder of SunCon as well as director of several subsidiaries and major shareholder of Sunway. Tan Sri Dato’ Seri Dr Jeffrey Cheah Fook Ling, Puan Sri Datin Seri (Dr) Susan Cheah Seok Cheng, Sarena Cheah Yean Tih, Adrian Cheah Yean Sun, Sungei Way Corporation Sdn Bhd and Active Equity Sdn Bhd are major shareholders of both SunCon and Sunway as well as person connected to Evan Cheah Yean Shin. Tan Sri Dato’ (Dr) Chew Chee Kin is a Director of both SunCon and Sunway.
SunCon has obtained its shareholders’ mandate for such recurrent related party transactions entered into or to be entered into by SunCon and its subsidiaries with Sunway and its group of companies at its Annual General Meeting held on 5 August 2020.
The total new projects secured by SunCon Group this year including the abovementioned Projects amounted to RM1.983 billion.
This announcement is dated 30 September 2020.
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发表于 20-3-2021 09:32 AM
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Type | Announcement | Subject | OTHERS | Description | SUNWAY CONSTRUCTION GROUP BERHAD ("SUNCON") - LETTER OF AWARD ISSUED BY NATIONAL HIGHWAYS AUTHORITY OF INDIA | 1. INTRODUCTION The Board of Directors of SunCon is pleased to announce that Sunway Construction Sdn Bhd – RNS Infrastructure Limited (“Consortium”), a consortium formed by Sunway Construction Sdn Bhd (“SCSB”), a wholly-owned subsidiary of SunCon and RNS Infrastructure Limited (“RNS”) has been awarded and has today, accepted the Letter of Award (“LOA”) issued by the National Highways Authority of India (“NHAI”), for the following project for a total contract sum of Rs.553.83 Crore (equivalent to approximately RM315.0 million) in addition to a 15-year operating and maintenance contract at Rs1.50 Crore (equivalent to approximately RM0.85 million) per annum:
“Two laning with Paved Shoulder of Meensurutti (Km. 98.433) to Chidambaram (Km. 129.965.) Section of NH-227 on Hybrid Annuity Mode under Bharatmala Pariyojana Phase-I (Residual Projects under NHDP) in the State of Tamil Nadu (hereinafter referred to as the “MC Project”).
2. ABOUT THE MC PROJECT The MC Project will be operated under the Hybrid Annuity Mode (“HAM”) for a concession period of 15 years plus 2-year construction period. The construction for the MC Project is anticipated to commence within 195 days from the LOA. A Concession Agreement for the MC Project will be signed in due course.
Under the HAM, NHAI will pay 40% of the project cost in the first two years during the construction period in five equal instalments whereas the remaining 60% is paid over 15 years as fixed annuity amount plus interest which is benchmarked at RBI (Reserve Bank of India) rate + 3%. There is no toll right for the concessionaire. Revenue collection from the highway toll would be the responsibility of the NHAI.
The MC Project is expected to contribute positively to the earnings of SunCon Group from the financial year ending 31 December 2021 onwards.
3. INFORMATION ON THE CONSORTIUM The Consortium has been formed between SCSB and RNS with the following participation interest, for the purpose of jointly bidding for the MC Project:
4. INFORMATION ON RNS RNS is a company incorporated in India with its registered address situated at Murudeshwar Bhawan, Gokul Road, Hubli 580 030, Karnataka, India. RNS has a paid-up share capital of INR630,000,000 comprising 630,000,000 ordinary shares.
RNS is an Indian local company owned by R.N. Shetty family. RNS provides wide range of infrastructure construction services such as construction of dams, highways, bridges, tunnels, power houses, and residential buildings.
Apart from construction, RNS Group has exposure in education (nursing college, polytechnic and institute of technology), hotels, power plant and wind farms, manufacture of vitrified tiles and ceramic tiles, as well as dealership and showroom for Maruti cars.
RNS was SCSB's first joint venture partner when SCSB ventured to India in June 2001 for its first 2 infrastructure projects as well as SCSB’s first Hybrid Annuity Mode (HAM) project in Tamil Nadu, India which was announced by SunCon in March 2020.
5. REQUIREMENTS OF NHAI It is a requirement of NHAI that a limited liability company shall be incorporated under the Indian Companies Act 2013 to undertake and perform the obligations and exercise the rights of the Consortium under the LOA, including the obligation to enter into the Concession Agreement for the execution of the MC Project.
In view thereof, SCSB and RNS will jointly incorporate a company in India (“JV Company”) with the same proportion of equity interest as mentioned above to jointly carry out the MC Project.
SCSB will fund its share of the equity participation in the JV Company through internally generated funds. The MC Project will be financed by the JV Company via its share capital as well as external borrowing.
6. PROJECT RISK AND OTHER ASSOCIATED RISKS (a) Project Risk The MC Project has price fluctuation clause throughout the 2-year construction period and 15 years’ maintenance period. In addition, NHAI will pay the JV Company interest income on the 60% of the contract sum which will be paid over 15 years at RBI (Reserve Bank of India) rate + 3%. Under the HAM, it provides enough liquidity to the concession holder and the financial risk is shared by the NHAI. This will mitigate the fluctuating interest rate risk of the JV Company in financing the 60% portion of the project throughout 15 years. (b) Financing Risk Based on SCSB’s net cashflow and strong financial position, the JV Company is confident in securing the required financing for the MC Project. (c) Foreign Currency Exchange Risk Most of the costs of the MC Project will be in Indian local currency. Coupled with the plan to have local INR financing, SCSB’s risk in relation to foreign exchange is limited apart from SCSB’s capital investment in the JV Company which SCSB will need to repatriate back once the concession period for the MC Project ends.
7. DIRECTORS' AND MAJOR SHAREHOLDERS' INTEREST Insofar as the Directors are aware, none of the Directors or major shareholders of SunCon or persons connected with them has any interest, direct or indirect, in the MC Project.
8. PROJECTS SECURED IN 2020 The total new projects secured by SunCon Group this year including the MC Project amounted to RM2.319 billion.
This announcement is dated 28 October 2020.
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发表于 20-3-2021 09:33 AM
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Type | Announcement | Subject | OTHERS | Description | SUNWAY CONSTRUCTION GROUP BERHAD ("SUNCON") - LETTERS OF AWARD ISSUED BY BORNEO SPRINGS SDN BHD, F&N DAIRIES MANUFACTURING SDN BHD AND F&N BEVERAGES MANUFACTURING SDN BHD | The Board of Directors of SunCon is pleased to announce that Sunway Engineering Sdn Bhd (“SunEng”), an indirect wholly-owned subsidiary of SunCon, has today accepted the following letters of award:
(a) Letter of Award issued by Borneo Springs Sdn Bhd in respect of the contract for Design, Supply, Deliver, Install, Commission and Apply and Secure SEDA Quota for Solar Photovoltaic System (“BS Project”) for a total contract sum of RM1,292,185.00.
The BS Project is located at Lot 7399, Jalan Mempaga, Mukim Sabai, 28600 Karak, Bentong, Pahang and it shall be completed within 12 months from the date of commencement to be agreed upon between the parties.
(b) Letter of Award issued by F&N Dairies Manufacturing Sdn Bhd in respect of the contract for Design, Supply, Deliver, Install, Commission and Apply and Secure SEDA Quota for Solar Photovoltaic System (“FNDM Project”) for a total contract sum of RM6,610,955.00.
The FNDM Project is located at Lot 56, Jalan Sungai Pinang 4/5, Selangor Halal Hub, Taman Perindustrian Pulau Indah Fasa 2, 42920 Pulau Indah, Selangor and it shall be completed within 12 months from the date of commencement to be agreed upon between the parties.
(c) Letter of Award issued by F&N Beverages Manufacturing Sdn Bhd in respect of the contract for Design, Supply, Deliver, Install, Commission and Apply and Secure SEDA Quota for Solar Photovoltaic System (“FNBM Project”) for a total contract sum of RM10,206,005.00.
The FNBM Project is located at No. 1 Jalan Bukit Blimbing 26/38, Persiaran Kuala Selangor, Section 26, 40400 Shah Alam, Selangor and it shall be completed within 12 months from the date of commencement to be agreed upon between the parties.
The BS Project, FNDM Project and FNBM Project (collectively referred to as the “Projects”) are expected to contribute positively to the earnings of SunCon Group from the financial year ending 31 December 2021 onwards.
The total new projects secured by SunCon Group this year, including the Projects, amounted to RM2.319 billion.
The Projects are subject to normal solar project risks. However, with the past experiences and expertise of SunEng in solar projects, these risks could be mitigated. None of the directors or major shareholders of SunCon or persons connected with them has any interest, whether direct or indirect, in the Projects.
This announcement is dated 28 October 2020. |
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发表于 20-5-2021 08:26 AM
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本帖最后由 icy97 于 5-6-2021 08:22 AM 编辑
Type | Announcement | Subject | OTHERS | Description | SUNWAY CONSTRUCTION GROUP BERHAD ("SUNCON" OR "COMPANY") - INCORPORATION OF JOINT VENTURE COMPANY | Unless otherwise stated, all capitalised terms set out herein shall have the same meanings as those set out in SunCon’s announcement dated 28 October 2020 in relation to the MC Project awarded by NHAI to the Consortium formed by SCSB and RNS.
The Board of Directors of SunCon wishes to announce that a JV Company has been incorporated today under the Indian Companies Act 2013 with the name of Sunway RNSIL MC Private Limited (“Sunway RNSIL MC”). Sunway RNSIL MC will undertake the MC Project pursuant to the requirements of NHAI.
The registered office of Sunway RNSIL MC is located at Naveen Complex, 7th Floor, 14 M.G Goad Bangaluru, Bangalore KA 560001, India. The paid-up share capital of Sunway RNSIL MC is INR200,000 comprising 20,000 ordinary shares.
The equity participation of SCSB and RNS in Sunway RNSIL MC is at 60% and 40% respectively.
This announcement is dated 13 November 2020. |
SUMMARY OF KEY FINANCIAL INFORMATION
30 Sep 2020 |
| | INDIVIDUAL PERIOD | CUMULATIVE PERIOD | CURRENT YEAR QUARTER | PRECEDING YEAR
CORRESPONDING
QUARTER | CURRENT YEAR TO DATE | PRECEDING YEAR
CORRESPONDING
PERIOD | 30 Sep 2020 | 30 Sep 2019 | 30 Sep 2020 | 30 Sep 2019 | $$'000 | $$'000 | $$'000 | $$'000 |
| 1 | Revenue | 419,409 | 402,582 | 925,416 | 1,282,792 | | 2 | Profit/(loss) before tax | 35,960 | 35,562 | 59,525 | 116,889 | | 3 | Profit/(loss) for the period | 24,230 | 33,024 | 43,267 | 97,629 | | 4 | Profit/(loss) attributable to ordinary equity holders of the parent | 24,043 | 33,482 | 42,586 | 97,685 | | 5 | Basic earnings/(loss) per share (Subunit) | 1.86 | 2.60 | 3.30 | 7.57 | | 6 | Proposed/Declared dividend per share (Subunit) | 0.00 | 0.00 | 1.25 | 3.50 |
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| AS AT END OF CURRENT QUARTER | AS AT PRECEDING FINANCIAL YEAR END | 7
| Net assets per share attributable to ordinary equity holders of the parent ($$) | 0.4700 | 0.4800
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发表于 29-12-2021 08:22 AM
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SUMMARY OF KEY FINANCIAL INFORMATION
30 Sep 2021 |
| | INDIVIDUAL PERIOD | CUMULATIVE PERIOD | CURRENT YEAR QUARTER | PRECEDING YEAR
CORRESPONDING
QUARTER | CURRENT YEAR TO DATE | PRECEDING YEAR
CORRESPONDING
PERIOD | 30 Sep 2021 | 30 Sep 2020 | 30 Sep 2021 | 30 Sep 2020 | $$'000 | $$'000 | $$'000 | $$'000 |
| 1 | Revenue | 272,078 | 419,409 | 1,102,545 | 925,416 | | 2 | Profit/(loss) before tax | 24,479 | 35,960 | 61,243 | 59,927 | | 3 | Profit/(loss) for the period | 19,519 | 24,230 | 45,760 | 43,669 | | 4 | Profit/(loss) attributable to ordinary equity holders of the parent | 19,296 | 24,043 | 47,861 | 42,586 | | 5 | Basic earnings/(loss) per share (Subunit) | 1.50 | 1.86 | 3.71 | 3.30 | | 6 | Proposed/Declared dividend per share (Subunit) | 0.00 | 0.00 | 1.25 | 1.25 |
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| AS AT END OF CURRENT QUARTER | AS AT PRECEDING FINANCIAL YEAR END | 7
| Net assets per share attributable to ordinary equity holders of the parent ($$) | 0.4900 | 0.4900
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发表于 9-3-2023 09:37 AM
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Type | Announcement | Subject | OTHERS | Description | SUNWAY CONSTRUCTION GROUP BERHAD ("SUNCON" OR THE "COMPANY")- EXECUTION OF CONTRACT AGREEMENT BETWEEN SUNWAY CONSTRUCTION SDN BHD, POWER ENGINEERING CONSULTING JOINT STOCK COMPANY 2 AND SONG HAU 2 POWER COMPANY LTD FOR THE SONG HAU 2 THERMAL POWER PLANT PROJECT IN VIETNAM | The Board of Directors' ("Board") of SunCon refers the Company's announcement dated 28 December 2022 in relation to the execution of Interim Engineering, Procurement and Construction Agreement between Sunway-PECC2 Consortium, an unincorporated consortium comprising Sunway Construction Sdn Bhd, a wholly-owned subsidiary of the Company and Power Engineering Consulting Joint Stock Company 2 (collectively referred as the “Contractor”), with Toyo Ink Group Berhad and Song Hau 2 Power Company Ltd (“Song Hau 2”) for carrying out and completing all works of design, engineering, procurement, manufacture, supply, construction, erection, testing and commissioning for Song Hau 2 Thermal Power Plant project located at Song Hau Power Generation Centre, Hau Giang Province, Vietnam (“Works”).
The Board of SunCon is pleased to announce that Song Hau 2 and the Contractor had on 1 March 2023, entered into a formal contract agreement to set out in detail their respective obligations, responsibilities, rights and liabilities in relation to the performance of the Works.
Please refer to the attachment for the full details of the announcement.
This announcement is dated 1 March 2023. |
https://www.bursamalaysia.com/market_information/announcements/company_announcement/announcement_details?ann_id=3333780
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发表于 9-3-2023 09:38 AM
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Type | Announcement | Subject | OTHERS | Description | SUNWAY CONSTRUCTION GROUP BERHAD ("SUNCON" OR THE "COMPANY")- EXECUTION OF CONSORTIUM AGREEMENT BETWEEN SUNWAY CONSTRUCTION SDN BHD AND POWER ENGINEERING CONSULTING JOINT STOCK COMPANY 2 FOR SONG HAU 2 THERMAL POWER PLANT PROJECT IN VIETNAM | The Board of Directors' ("Board") of SunCon refers to the Company's announcement dated 28 December 2022 in relation to the execution of Interim Engineering, Procurement and Construction Agreement between Sunway-PECC2 Consortium (“Consortium”), an unincorporated consortium comprising Sunway Construction Sdn Bhd, a wholly-owned subsidiary of the Company and Power Engineering Consulting Joint Stock Company 2 (collectively referred to as the “Parties”), with Toyo Ink Group Berhad and Song Hau 2 Power Company Ltd.
The Board of SunCon is pleased to announce that the Parties had on today, entered into a Consortium Agreement to formalize their agreement and to set out the terms and conditions governing the performance of all works of design, engineering, procurement, manufacture, supply, construction, erection, testing and commissioning for Song Hau 2 Thermal Power Plant project located at Song Hau Power Generation Centre, Hau Giang Province, Vietnam (“Works”) as well as their respective rights, duties, liabilities and obligations under a Contract Agreement for the engineering, procurement, commissioning and construction of the Works.
Please refer to the attachment for the full details of the announcement.
This announcement is dated 1 March 2023. |
https://www.bursamalaysia.com/market_information/announcements/company_announcement/announcement_details?ann_id=3333779
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发表于 6-10-2023 02:42 PM
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Type | Announcement | Subject | OTHERS | Description | SUNWAY CONSTRUCTION GROUP BERHAD ("SUNCON" OR THE "COMPANY") - LETTER OF ACCEPTANCE ON DAISO GLOBAL DISTRIBUTION CENTER WAREHOUSE ISSUED BY DAISO MALAYSIA GROUP SDN BHD TO KAJIMA - SUNCON JV, AN UNINCORPORATED JOINT VENTURE COMPRISING SUNWAY CONSTRUCTION SDN BHD, A WHOLLY-OWNED SUBSIDIARY OF THE COMPANY AND KAJIMA (MALAYSIA) SDN BHD | The Board of Directors of SunCon is pleased to announce that KAJIMA – SUNCON JV, an unincorporated joint venture comprising Kajima (Malaysia) Sdn Bhd and Sunway Construction Sdn Bhd, a wholly-owned subsidiary of the Company has on 5 October 2023 signed a Letter of Acceptance dated 5 October 2023 issued by Daiso Malaysia Group Sdn Bhd in respect of the proposed design and construction of Daiso Global Distribution Center Warehouse located at Pulau Indah, Port Klang, Selangor Darul Ehsan.
Please refer to the attachment for the full details of the announcement.
This announcement is dated 5 October 2023. |
https://www.bursamalaysia.com/market_information/announcements/company_announcement/announcement_details?ann_id=3390608
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