March 31, 2023
(press release)
–
1. Introduction The Board of Directors of the Company wishes to announce that its 70%-owned subsidiary,
2. Information on NDP NDP is a subsidiary of
3. Salient Terms of the Contract The salient terms of the Contract are as follows: - (a) supply of LNG via a virtual pipeline to NDP at its factory in
(b) the duration of the Contract is for a period of two (2) years commencing from
(c) the value of the Contract is estimated to be in excess of Ringgit Malaysia Seventy Million (
The Contract is conditional upon the fulfilment of conditions precedent by NDP which was met on
4. Risk Factors Potential risk factors include project operational and execution risks, work schedules, delivery timelines and adverse weather conditions. 5. Financial Effects The Contract is expected to contribute positively towards the earnings and net assets per share of the Company for the financial year ending
6. Directors' and Major Shareholders' Interests None of the Directors and/or major shareholders and/or persons connected with the Directors and/or major shareholders of Uzma has any direct or indirect interest in the Contract. 7. Directors' Statement The Board of Directors of the Company, after considering all the relevant factors, is of the opinion that the acceptance of the Contract is in the best interest of the Company. This announcement is dated
* * * * * SeeNews does not endorse in any way, the views, opinions or recommendations expressed above. The use of the Information is subject to the terms and conditions as published by the original source, which you have to read and accept in full prior to the execution of any actions taken in reliance on Information contained herein.
* All content is copyrighted by Industry Intelligence, or the original respective author or source. You may not recirculate, redistrubte or publish the analysis and presentation included in the service without Industry Intelligence's prior written consent. Please review our terms of use.