KPS unit wins job to replace water pipes

  • Business
  • Tuesday, 03 Jul 2018

In its filings with Bursa Malaysia, Yong Tai said its wholly-owned subsidiary YTB Impression Sdn Bhd terminated the deal due to non-fulfilment of the condition precedent as stated in clause 3.1(c) of the joint development agreement. Yong Tai fell half a sen to close at 32.5 sen yesterday.

KUALA LUMPUR: Kumpulan Perangsang Selangor Bhd’s (KPS) subsidiary, SmartPipe Technology Sdn Bhd (SPT), has secured a RM20mil contract from Pengurusan Air Selangor Sdn Bhd (Air Selangor) to replace existing pipeworks in Hulu Langat and Kuala Lumpur.

KPS said the key scope included supplying and installing mild steel (MS) pipes, ductile iron (DI) pipes and high-density polyethylene (HDPE) pipe fixtures.

The contract, to be completed within 15 months from its commencement date of July 9, 2018, is expected to contribute positively to the KPS group for the financial years ending Dec 31, 2018 and 2019, it said in a statement.

KPS chief executive officer Ahmad Fariz Hassan said the contract reinforced the Selangor state government’s commitment to reducing its non-revenue water rates and attaining better water management. — Bernama

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Business , KPS , water , Selangor


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