George Kent says 'has not received' RM1.01b MRT project acceptance letter

KUALA LUMPUR (Aug 25): George Kent (M) Bhd said it had not received the letter of acceptance (LOA) for the RM1.01 billion project under Malaysia's mass rapid transit's proposed Sungai Buloh-Serdang-Putrajaya line.

George Kent said this in a statement to Bursa Malaysia today. The company was responding to Mass Rapid Transit Corp Sdn Bhd's (MRT Corp's) statement yesterday that MRT Corp had awarded the RM1.01 billion project to a consortium comprising China Communications Construction Co Ltd and George Kent.

MRT Corp said the consortium's project comprised trackwork, maintenance vehicles and work trains.

Today, George Kent said: "The board wishes to announce that as at the time of writing, George Kent has not received the LOA from MRT Corp, in relation to the award of the above-mentioned work package."

"The board will release an announcement, once the LOA is received and duly accepted by George Kent," George Kent said.

At 12:30 p.m., George Kent shares fell three sen or 1.2% to settle at RM2.53, for a market value of RM760.04 million. The stock saw some three million shares traded. — theedgemarkets.com

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