OTHERS PUNCAK NIAGA HOLDINGS BERHAD (416087-U) ("PUNCAK" OR "THE COMPANY") FOURTH SUPPLEMENTAL AGREEMENT (RELATING TO THE PRINCIPAL SUB-CONTRACT AGREEMENT DATED 2 MAY 2018 AND SUPPLEMENTAL AGREEMENTS) BETWEEN JALUR CAHAYA SDN BHD AND THE COMPANY'S WHOLLY-OWNED SUBSIDIARY, PUNCAK NIAGA CONSTRUCTION SDN BHD FOR "PROJEK PEMBINAAN LOJI RAWATAN KUMBAHAN SERANTAU DAN RANGKAIAN PAIP PEMBETUNGAN DI BANDAR KUANTAN, PAHANG (REKA DAN BINA)" ("KUANTAN PROJECT")

Company Name PUNCAK NIAGA HOLDINGS BERHAD
Stock Name PUNCAK
Date Announced 19 May 2022
Category General Announcement for PLC
Reference Number GA1-18052022-00081

Type Announcement
Subject OTHERS
Description
PUNCAK NIAGA HOLDINGS BERHAD (416087-U) ("PUNCAK" OR "THE COMPANY") 
FOURTH SUPPLEMENTAL AGREEMENT (RELATING TO THE PRINCIPAL SUB-CONTRACT AGREEMENT DATED 2 MAY 2018 AND SUPPLEMENTAL AGREEMENTS) BETWEEN JALUR CAHAYA SDN BHD AND THE COMPANY'S WHOLLY-OWNED SUBSIDIARY, PUNCAK NIAGA CONSTRUCTION SDN BHD FOR "PROJEK PEMBINAAN LOJI RAWATAN KUMBAHAN SERANTAU DAN RANGKAIAN PAIP PEMBETUNGAN DI BANDAR KUANTAN, PAHANG (REKA DAN BINA)" ("KUANTAN PROJECT")

Reference is made to the Company's earlier announcements dated 3 May 2018, 21 July 2020 and 14 January 2021 in relation to the Principal Sub-Contract Agreement dated 2 May 2018, First Supplemental Agreement dated 21 July 2020 and Second Supplemental Agreement dated 13 January 2021 for the "Projek Pembinaan Loji Rawatan Kumbahan Serantau Dan Rangkaian Paip Pembetungan Di Bandar Kuantan, Pahang (Reka Dan Bina)" ("Kuantan Project").

Puncak wishes to announce to the Exchange that the Company’s wholly-owned subsidiary, Puncak Niaga Construction Sdn Bhd (“PNCSB” or "Principal Sub-Contractor") had on 19 May 2022 entered into a Fourth Supplemental Agreement with Jalur Cahaya Sdn Bhd (“JCSB” or “Main Contractor”) in respect of the Kuantan Project whereby the Main Contractor had granted an extension of time of 294 days to PNCSB due to the 2021 Movement Control Order (“MCO”) imposed by the Government of Malaysia and changes to the energy utility company, Tenaga Nasional Berhad's Guidelines and accordingly, the Completion Date of the Kuantan Project has been revised from 13 June 2022 to 4 April 2023 ("Extension of Time No. 2" or "EOT No. 2").  All other terms and conditions of the Principle Sub-Contract Agreement and the Supplemental Agreements remain unchanged.

This announcement is dated 19 May 2022.






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