KUALA LUMPUR: Knusford Berhad has signed a joint venture agreement with Pembinaan Hamid Abd. Rahman Sdn Bhd (PHAR) to bid for the Klang Valley mass rapid transit (MRT) project.
In a filing Monday, June 6, Knusford said pursuant to the agreement, the name of the JV would be Pembinaan Hamid Abd. Rahman Sdn Bhd ' KNUSFORD BHD [] JV.
Knusford will hold a 40% stake in the JVB while PHAR will hold the remaining 60%.
The company said the JV was for the purpose of submitting prequalification and/or tender for the MRT Project known as 'Projek Mass Rapid Transit Lembah Kelang:'' Jajaran Sungai Buloh ' Kajang ' CONSTRUCTION [] and Completion of Elevated Civil Works Package'.
'In the event that the contract for the project is awarded to the JV, the contract shall be jointly undertaken by Knusford and PHAR and if it is''not awarded to the JV, the JV agreement will be automatically be terminated,' it said.
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In a filing Monday, June 6, Knusford said pursuant to the agreement, the name of the JV would be Pembinaan Hamid Abd. Rahman Sdn Bhd ' KNUSFORD BHD [] JV.
Knusford will hold a 40% stake in the JVB while PHAR will hold the remaining 60%.
The company said the JV was for the purpose of submitting prequalification and/or tender for the MRT Project known as 'Projek Mass Rapid Transit Lembah Kelang:'' Jajaran Sungai Buloh ' Kajang ' CONSTRUCTION [] and Completion of Elevated Civil Works Package'.
'In the event that the contract for the project is awarded to the JV, the contract shall be jointly undertaken by Knusford and PHAR and if it is''not awarded to the JV, the JV agreement will be automatically be terminated,' it said.
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